Business: To London for 4

Laker's Sky train opens a new low-fare era

A $236 a round trip, the flights are the cheapest to wing over the Atlantic since the days of student and youth-fare discounts in the early 1970s. Freddie Laker, the British aviation innovator, finally got his New York-London Skytrain shuttle off the ground last week, after 6% years of bucking the world's established airlines and his own government through marathon rounds of regulatory hearings and court battles. A classic free enterpriser, Laker is convinced that he can make a profit by bringing transoceanic travel within the...

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