So what exactly happens when a country loses its national (and state owned) airline?
I remember from some education years back that when a state owned/run enterprise folds, the chance of revolution in that country increases. The private sector jostles for power in the sector and other state enterprises battle to save face and keep their employees working.
If the ball starts rolling, its only a matter of time before one after another, the workers turn the country into a very very big mess.
...and cents.