I hope you're right Skybeds . . . at least let me rephrase that, I hope that Gulf Air will be around for a long time.
A few observations that I would like to make.
1) The GDN (it looks like a quote from the GDN because you don't cite your source) makes for great packaging material or lining on the bottom of the bird cage. For reading it is not all that great, albeit slightly more informative than Mad comic books.
2) The announcements from the Government tend to run hot and cold. One week there is an announcement by a national leader that Bahrainis must face up to the realities of the World, shouldn't expect a welfare state and learn to stand on their own two feet, then a week later there is some announcement on a massive housing or other social project. This week the Government's backing is solid as concrete, who knows what the flavor is next month, next year, next decade? Governments tend to change their views.
3) Either way Gulf Air needs to change sooner or later.