Foghorn
There are many scenarios other than war which can drive investors away from airlines. It seems to me that many of those who have in the past started airlines, or even merely invested in them, have had (shall we say obscure) motives such as a need for the cash flow that an airline generates.
Given the enormous investment needed to succeed, coupled with the potential risk, it is quite easy to see the need for state enterprise.
Believe it or not, it is quite possible that even MOL will up stumps and leave the field if the going gets tough. After all, when you pull the kind of moolah that he has, retirement is an easy option - unless of course one is driven by pure greed and a fear of losing the millions one already has.
