Yes, most certainly a tinge of bias in your tone, kwaj. If you care to look at how OA is now operating, you will find very little fat and government involvement. It is now running like a well oiled and lean machine. A lot of retrenchments and painful restructuring took place which never would have occurred in the past. Routes that don't at least break-even are discontinued after a reasonable trial period. In MAJ's case, a drastic drop in the USD/AUD exchange probably contributed to the lack of public interest there.
You compared OA with it's predessessor ON. Yes, it is still state owned but there is no other resemblance, especially in the area of finances. Taiwan does not prop up coffers. OA runs under it's own steam. If there's anything OA took from ON, it's the impecable safety record and longevity/experience in the region.
With it's painful restructuring and established experience and safety record, now, more than ever, is the time to invest in OA at a government level in the form of shares, regional support, codeshares, open skies etc etc.
The obvious first place to seek support is the Solomon Islands, followed by Kiribati, Marshalls, etc etc.
Until this happens, many more millions will be lost by those stubbornly trying to establish their own flag carrier.
The name Our Airline was purposefully coined to avoid nationalism and self interest. Only after Nauru's neighbours decide to be part-owners can this be realised.