Regretfully the situation will not change until there are not enough pilots to fly the mission, or the engineers do not get the aircraft back on the line. Losing money is the only thing that the management will take notice of. The auditors can say what they like, but unless they cancel the contract, nothing will happen. This is not likely as they cannot start their own operation due to the Emir owning gulf helicopters, and he's not going to want competition to this cash cow.
I'd also like to say the decline started prior to the local management taking over. He was a little more subtle, but started the decline nonetheless. It’s also interesting that he has managed to retain a consulting role, at great expense I expect.