Airlines in Eastern Europe? Or for that matter, airlines anywhere.
The day IFT buys airlines I hit the ejector button immediatement.
Airlines are a disaster. They are also on Buffetts list of Do Not Buy Commodity Sectors in an Appendix in the book Buffettology.
It was a good article until the author tripped at the end.
Airports in Eastern Europe. Now that would be a different story. Airports get to clip the ticket on rising flight movements, passenger numbers and freight as well as all the byproduct airport industries.