unknown

From here.
Looks like my source is mistaken. Now that I look at it, it makes more sense for it to be an 'M'.
I'm always thrown by the extra internal flourishes/structure thrown into more decorative and older letters, such as this one:

Ah, the fabled Headless Turtle Hotel of Olde Bohemia...
You guys know about Carter's Walker font system, right?
http://www.themicrofoundry.com/other/walker.gif
And then there's the serif on the "O" in the Olympic Airways logo:
http://195.167.49.234/
More obvious on the actual planes.
hhp
Captured from web.archive.org on 24 Aug 2005. view this capture