Description: (Entrepreneur)
Freddie Laker, an English airline entrepreneur, founded Laker Airways in 1966. He was a pioneer of the "low cost/no-frills" airline business model, which later inspired successful companies such as Ryanair, Southwest Airlines, easyJet, Norwegian Air, and AirAsia. Despite Laker Airways going bankrupt in 1982, Laker's innovative approach to air travel had a lasting impact on the industry. He is remembered for revolutionizing the airline business and shaping the popular budget airline model used today.