These are high impact tragedies and I think that if the government of Malaysia stepped in to bail out the airline, then they would be showing not only their people, but the world that they care that this happened. They can show sympathy to the families by showing that they understand that Malaysian Airlines didn't do this on purpose. It was an accident. Things happen and we need to move on.
It's important for the country to have as much air travel as they can. It could lose the country a lot of money to not bail out the air lines as less people would visit the country if there were less travel options. This is important for any country to factor in.
While the two recent incidents aren't related it does bring up the competency of the airline. Completely losing one jet and flying the other over a war zone in order to save on fuel even when no other airline would consider taking that route. If they endanger their passengers they should not be bailed out.
No one ever steps in to bail out the average person. From an average person's perspective, I hope the government does not bail them out or help them. As spiteful as that sounds, if you cannot keep you multimillion dollar airline prosperous, you should have chosen another business. It's never to late to jump ship.