Originally Posted by
CPH-Flyer
There are other ill managed airlines that never seems to turn a profit that manages to stay alive. Alitalia, Malaysian, Garuda, Aerolineas Argentinas all spring to mind. The key factor is a government willing to foot the bills.
You can add Air NZ to the list.
Although publicly listed, it was saved by the NZ Govt buying a majority shareholding when it got into deep trouble after buying Ansett australia (which died after the takeover).