First of all LOC GREEN, there are no guarantees anymore in aviation. Just ask pilots of airlines like Sabena, or TWA, or Pan Am, or even the young Omani's who were aspiring cadet pilots for Gulf Air. Although most of the new low-cost carriers have been wildly successful, due to their fixation in controlling costs and efficiency, their success or longevity is not an automatic birthright either.
I figure that is today's airline industry is very difficult to forecast beyond about about 10 years at best. Sure, the Bahrain government at some point may declare Gulf Air bankrupt and liquidate the company, however, I contend that the reorganization is the company's best chance of survival-- if it becomes profitable, efficient and self-sustaining, then why kill it, unless it is based on some "black hand" factors?
So it is always good to keep your resume up to date and maintain your marketability. Try to be nice to each other-- it has happened a number of times that people have ended up at new airlines, only to find that your First Officer at the old company is now your Captain.