1985 newspaper clipping about Laker Airways cash settlement from The Press & Journal Aberdeen dated July 13, 1985
This newspaper clipping from The Press & Journal Aberdeen, dated July 13, 1985, reports on a major settlement involving Sir Freddie Laker and Laker Airways. The article details how British Airways and 11 other airlines agreed to pay an estimated £35 million to Laker Airways' creditors to avoid legal action in the US, with Sir Freddie Laker offered almost £6 million on condition he drops claims against 12 firms.
Sir Freddie Laker Laker Airways British Airways 1985 1980s newspaper clipping The Press & Journal Aberdeen legal settlement aviation industry bankruptcy
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