In 1949, Gulf Air and Qatar Airways were founded. The former being the SAS like national airline of Bahrain, Oman, the UAE, and later Qatar.
Gulf Air has been expending steadily in the following 40 years. However, nowadays, it is becoming an isolated player amidst other local national carriers that have sprang up in recent history: Emirates as the biggest; Oman Air and Qatar Airways as ones with renewed smaller or larger ambitions; and not long ago Etihad Airways, the official national airline of the UAE based in the capital Abu Dhabi.
This means that the support base for Gulf Air has shrank to... Bahrain. Can Gulf Air keep (regain) and increase its already weakened position or is it doomed to either be a Bahrain based regional player, not to mention worse?