Laker Airways was founded in 1966 by British airline entrepreneur, Frederick Laker. He is best remembered as one of those airline owners to adopt the “no-frills” airline business model. Other companies who embraced this concept are Virgin Australia, WestJet, easyJet, Southwest Airlines and AirAsia.
Although he didn’t finish his formal schooling, his strong entrepreneurial skills have proven to be more effective than what we would have learned in school. He was, for a time, educated at the Simon Langton Grammar School for Boys where he was expelled. After his expulsion, he worked with Short Brothers in aviation. He was made a member of the Air Transport Auxiliary during and after the World War II. Among the companies he had put up were Aviation Traders, Air Charter, Channel Air Bridge, Laker Airways and Skytrain.
For his contributions to the aviation industry, he was knighted in 1978 following the launch of his Skytrain. He also received several accolades for his continued innovation in the industry.
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