I think SSk has his head buried in the sand rather than the loco's buing built on sand.
Just remind me - how many European legacy carriers would have survived the last 10 years without subsidies from their Governments? (we'll keep BA out of this as they were floated long before this and dear Mr King did some naughites in the interim) KL? AF? SN? LH? AY? SAS? and of course, the most efficient one of all - Alitalia.
How many US legacy carriers would be flying today without the use of Chapter 11 and subsidies? Non.
What loco's have done is stopped the myth of avaition; that it was something special and wonderours. It is not, never has been. It is a means of transport.
Pay your money and take your choice.
Buy an old banger or drive your new Audi?
As with every product - and that is all that flying is - there is good and bad.
MoL and cohorts of the loco's are not perfect but they understand their businesses. History shows over many, many years that lots of individuals have started airlines only to go bust later. This will continue. The strong survive, the weak falter - unless helped.