P.J, well lets call it an integration, shall we? Yea I think it's irreversible. GF is on it's path down and got two options.
1. Shrink to a small regional career quite tough though due to increasing competition of the low cost airlines in the region. I dont see it as panacea for GF.
2. Get swallowed integrated into one of major ME careers (EY) with gradual dissipation from Bahrain as headquarter, appears to be the most sensible solution for me.
Gf isn't gonna disappear just like that from the market, since it's also a political question. Therefore some solution will be found. I personally wouldn't make a move till the operation effectively stops.
Cheers.