It's pity what is happening in the Gulf region. I think what Gulf Air stood for in the past was good, one airline for the many sultanate and Emirates (like Dubai, Abu Dhabi, Oman etc..). Now all these States are forming there own airlines going against the worldwide commercial trend : merging airlines to make bigger carriers to compete as a region ( KLM and Air France, JAL and JAS, maybe Qantas and Air NZ
and many others throughout the world).
I know Emirates Airline and Qatar Airways are very good airlines. But wasn't it better to invest that money in Gulf Air in the first place and make of GF
a strong global company for the Gulf Region ?
I don't think in let's say 15 to 20 years there is enough room for all those carriers in the Gulf. Mergers will come and maybe some will be lost (I think Gulf Air will be one those disappearing, or through name or bankruptcy).
You have Emirates, Qatar Airways, Gulf Air, Oman Air, Saudi Arabian, Kuwait Airways and newcomer Eithad all competing for such a small market (small population but with a lot off money) and also competing for the Europe to Asia/ Australia v.v. with the established and respectable European and Asian/Australian airlines.
This just my view and opinion.
J J V