if bahrain really want to reduce their losses, get rid of the airline altogether and let the others service it.
your just being ridiculous .
Imagine a rich country like bahrain doesnt even own an airline.
I know that your reply will be "hey what about bahrain air?"
Bahrain air doesnt have a reputation like Gulf air. The brand is realy old and unique.
it would be a very immature decision if the country would "get rid" of the airline.
If it wasnt for the experienced brand for the airline, GF would be known has bahrain air(or something like that)by now