Unfortunately, the future of GF is likely to be intra Gulf and sub continent, unless a huge backer is found. Hence the IPO. But no one will invest real money until the corruption/bad management is rooted out. Plus what is the chance of another big player surviving when surrounded by EK, EY, and QR?
I'd like to present a scenario that may cause a lot of abuse, but will be food for thought for those with open minds...
JH and the Kangaroo mafia did not steal money from the company (at least not the millions that are missing) They were forced to work with a bunch of crooks (the previous board and friends) and made the best of it. (Especially for themselves)
All that Kroll and the new management team managed to find has been paper trails that lead to fish that are too big to digest. (No questions are being asked about certain contracts owned by major Bahraini people, but other contracts are being pulled apart with a fine toothcomb)
JH has not been asked to justify his actions because everything he did was approved by the previous board, and no one wants to question the aircraft/engineering deals and the "discounts" made. (Which are the big money areas, not MK and catering)
AD had disagreements with the board because he refused to work with the crooks that GF is saddled with, and wanted to "change too fast". Too many gravy trains were going to be exposed or cut off, so he was asked to leave after mutual disagreement.
And Rome (GF) burns while Nero (GF board) plays his fiddle