jimbous

The Greek government has been reducing the people's pensions over the past decade or so and even with all the new higher imposed taxes it does not have the funds for such misplaced adventures.
It's hardly able to pay its own loans and now with the coming tourism collapse its GDP will take a very serious hit that will make servicing the government's existing loans far more difficult.
If it goes on with another pension reduction there will be a people's revolt and serious political instability, the last thing Greece needs right now with its new government.
Many hotels in Greece will go under with the coming tourism collapse this summer that may continue next summer.
Should the Greek government bail out all these hotels too, never mind all the other economy sectors that depend on the tourism? It just can't afford to.
There are far better uses for Greek government funds such as fixing the miserable state of health care in the country, etc.
Aegean will find funds in the open money markets, and that will help especially now with interest rates near 0%.
Even if Aegean restructures under bankruptcy it'll be able to continue as an ongoing concern with a smaller network.
Even if it completely ceases operations, it's almost guaranteed that other entrepreneurial Greeks will get together, take over the assets, and form a new or renewed airline.
It may even involve Aegean's current management and investors.
But it's almost certain that there'll be a similar airline serving Greece with no government help or with certain investment tax incentives.