What was the name of the Laker Airways cheap trans Atlantic service started in 1977
Laker Airways its lowest economy fares where it was in competition with "Skytrain" by up to 66%. Laker retaliated by introducing a cut-price premium cabin branded "Regency Class". Following the end of the 1981/2 winter peak, there was insufficient traffic to support four airlines competing across the North Atlantic between January and March. At this point, state-owned British Airways and TWA, Laker's other transatlantic competitors, dropped their fares by a similar amount. As a result, Laker's loads and cash inflow halved between October 1981 and February 1982. It has also been suggested that Laker experienced a downturn after passengers began avoiding the
Laker Airways (Bahamas) Laker Airways (Bahamas) Laker Airways (Bahamas) was an airline founded in 1992, which operated until 2005. Laker Airways (Bahamas) was a US-registered airline based in the Bahamas to which Sir Freddie Laker lent his name and operational expertise. The airline was established in 1992 with financial assistance from Oscar Wyatt, a Texas oilman and business partner of Sir Freddie Laker. The initial fleet comprised two Boeing 727-200 Advanced narrowbodied jet aircraft. Laker Airways (Bahamas) stopped operating in 2005 when the firm was wound up. In 1996 Sir Freddie Laker and his business partner Oscar Wyatt established Laker Airways, Inc as