As long as they think that aviation is a commodity, investors will fail on it.
On the long run, it "may" create some value. They put at controls people without an ounce of aviation knowledge, the worsts are the one coming from industry ( manufacturing).
All the coming IPO's ( LUX, GlobeAir, etc..) will fail either immediately or later. If one entity buys the whole float ( like a debt) and re-market it ( to bottom line investors), the one's that will pay the price will be these ones ( just after the staff).
They have only ONE chance, there is so much cash out there that one might decide to dump this overflow in this endless hole, ONCE.... Then they will make the scheme "as advertised", and this ill be the end of it.
As I wrote just above, you replace LUX, by ANY name with a lot of publicity around, they are following the same pattern, since it is, in the "normal" perspective the only issue out to cash years of work. The other one is the RYR despair (known as the Starbuck strategy), of endless growth at any price, then contraction at certain points in order to aggregate the market. This does not work too well if there is no MASSIVE cash infusion. EK tried it, they failed; many others will and will fail, as long as there is a limiting factor in operation ( slot, fuel, maintenance, taxes, wages, etc..)
Anyway, find a good spot and enjoy while it lasts. One thing to remember though. Nature HATES emptiness; for one good guy that leaves 10 are showing up..repeating the same mistakes all over again..