Freddie No Frills Flies Again

REMEMBER FREDDIE LAKER? He's the Brit whose Skytrain service between New York and London launched no-frills air travel in 1977. Now, he's back. He's planning a December launch of a three-jet fleet that will fly between England and Florida--just in time for winter vacationers. Skytrain collapsed in 1982 amid fierce price-cutting, but Sir Freddie has a deep-pockets backer for the latest reincarnation of Laker Airways: Texas oil millionaire and Coastal Chairman Oscar S. Wyatt Jr. The pair have been friends for 30 years. If the sunshine route takes off, Laker hopes by May to expand the airline's service to Italy and Germany.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.