It will only be bailed out/nationalised by the government as an ultimate last resort to stop it going under. Thomas Cook, Monarch and Flybe have ready gone but I do think they would step in for BA.

​​​​​​Also don't bank on jobs etc. being saved if it was nationalised. It will be made profitable by any means possible and gradually returned to the private sector.

​​​​I'd argue the business is doing whatever it can to avoid being nationalised or to take government loans/bailouts at the moment. Not to say it won't happen, but they look keen to avoid it.
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