Exactly 25 years have passed since the final grounding of Skytrain, Freddie Laker's populist attempt to bring low-cost travel to transatlantic flights. Since then, low-cost carriers have taken a big share of the short- and medium-haul markets in America, Europe and, increasingly, Asia. But few have dared to follow Mr Laker's flightpath to confront the established carriers on scheduled long-haul routes.
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