The Sir Freddie Laker Historical Society
Reuters news report from July 15, 1985 about Sir Freddie Laker refusing compensation offer from airlines

Reuters news report from July 15, 1985 about Sir Freddie Laker refusing compensation offer from airlines

A Reuters International Securities News Report dated July 15, 1985, detailing Sir Freddie Laker's refusal of an 8 million pounds compensation offer from ten airlines whose liquidators had taken Laker Airways to court. The document reports on the out-of-court settlement where airlines agreed to pay 48 million pounds to creditors of Laker's bankrupt airline, with Laker charging that airlines had slashed fares to force him out of business.

Sir Freddie Laker Laker Airways Reuters 1985 1980s bankruptcy airline industry compensation liquidation press clipping news report

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