And who would thought the Swiss Government would let Swissair to go down and it did.

My view is that Ottawa is very unwilling to pump cash into AC. They may help AC but in what form, I don't know. The Government isn't so concerned with your mileage account balance, they are more worried about the disruption of transportation and how it will affect businesses and the people in general. So they might focus on this goal when helping AC and the accounts may/may not survive.