If you see it in one way,the uprising in Bahrain was a wake up call for the Bahraini govt to give more to it's people.Now because of that,Bahrain is keen to make more money by reducing corruption in all governmental organizations since producing a few tins of oil won't just do it.If they manage to keep their promise in blocking those leaks,Gulf Air could go to places rather then the junk yard.
All that they need to do is:
1.Allow Gulf Air to resume it's flights to Iran/Iraq .
2.Let a Major European/US carrier manage most aspects of the airline to improve foreign relations and free Gulf Air from incompetence/corruption.
3.Sell Shares when the time is ripe.
4.Watch the Airline Make Money.
And this Gentlemen is how Gulf Air will be able to spread it's wings..This is just a fantasy right now haha...