I see....
I had assumed Bahrain would be more enthusiastic in having a previously fully airline to its self since the CP was jumping up and down when Oman pulled out...Shame that he isn't willing to make any personal investment...
Besides,those long bearded men are the reason why island is in such a mess in the first place so no doubt the airline would be in a pickle as well as it was one bad decision after another.The country is no longer fit in running a national carrier so if they want the money,they might as well sell the brand to some other company
All factors are pointing at the fact that it's not the airline,it is actually Bahrain that is causing the losses.With the equation , Regional unrest+Massive fuel prices compared to the neighbors + lack of support + mixing the airline with politics by the government=LOSS.And they wonder why the airline isn't generating profit .It is Pan Am all over again.
Good luck!