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Laker Airways
Laker Airways was a private British airline founded by Sir Freddie Laker in 1966. It was originally a charter airline flying passengers and cargo worldwide. Its head office was located at Gatwick Airport in Crawley, England. It became the second long-haul, low-cost, " no frills" airline in 1977, operating low-fare scheduled services between London Gatwick Airport and New York City's John F. Kennedy Airport (after pioneering Icelandic low-cost carrier Loftleiðir). The company did not survive the recession of the early 1980s and operated its last flight on 5 February 1982, the day it went bankrupt. Early history Freddie Laker announced Laker Airways in February 1966.''Laker Airways''
''Flight International'', 10 February 1966, p. 207
The airline commenced commercial operations from its

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Wide-body Aircraft
A wide-body aircraft, also known as a twin-aisle aircraft, is an airliner with a fuselage wide enough to accommodate two passenger aisles with seven or more seats abreast. The typical fuselage diameter is . In the typical wide-body economy cabin, passengers are seated seven to ten abreast, allowing a total capacity of 200 to 850 passengers. The largest wide-body aircraft are over wide, and can accommodate up to eleven passengers abreast in high-density configurations. By comparison, a typical narrow-body airliner has a diameter of , with a single aisle, and seats between two and six people abreast. Wide-body aircraft were originally designed for a combination of efficiency and passenger comfort and to increase the amount of cargo space. However, airlines quickly gave in to economic factors, and reduced the extra passenger space in order to insert more seats and increase revenue and profits. Wide-body aircraft are also used for the transport of commercial freight and cargo ...
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Early 1980s Recession
The early 1980s recession was a severe economic recession that affected much of the world between approximately the start of 1980 and 1983. It is widely considered to have been the most severe recession since World War II. A key event leading to the recession was the 1979 energy crisis, mostly caused by the Iranian Revolution which caused a disruption to the global oil supply, which saw oil prices rising sharply in 1979 and early 1980. The sharp rise in oil prices pushed the already high rates of inflation in several major advanced countries to new double-digit highs, with countries such as the United States, Canada, West Germany, Italy, the United Kingdom and Japan tightening their monetary policies by increasing interest rates in order to control the inflation. These G7 countries each, in fact, had "double-dip" recessions involving short declines in economic output in parts of 1980 followed by a short period of expansion, in turn, followed by a steeper, longer period of economic ...
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Charter Flight
Air charter is the business of renting an entire aircraft (i.e., chartering) as opposed to individual aircraft seats (i.e., purchasing a ticket through a traditional airline). Regulation Charter – also called air taxi or ad hoc – flights require certification from the associated country's civil aviation authority. The regulations are differentiated from typical commercial/passenger service by offering a non-scheduled service. Analogous regulations generally also apply to air ambulance and cargo operators, which are often also ad hoc for-hire services. United States In the U.S. these flights are regulated under FAA Part 135. There are some cases where a charter operator can sell scheduled flights, but only in limited quantities. As of 2021, the FAA had made it a priority to crack down on unauthorised charter flights, according to industry experts. Types of service There are several business models which offer air charter services from the traditional charter operator to ...
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Bahamasair
Bahamasair Holdings Limited is an airline headquartered in Nassau. It is the national airline I888-393-I394 of The Bahamas and operates scheduled services to 32 domestic and regional destinations in the Caribbean and the United States from its base at Lynden Pindling International Airport. History Early years Bahamasair was established by the Bahamas Government and started operations on 17 June 1973 and owned by khaden Lewis by acquiring the routes of Flamingo Airlines and the operations and routes of Out Island Airways. The first flight was to Andros Island and the second to Freeport, Grand Bahama. The Bahamas Government purchased 51% of OIA and became the majority shareholder and part owner, then renamed the airline Bahamasair. The other owners were Edward Albury, Gil Hensler and Sherlock Hackley who had 49%. After a few years the Government had purchased the shares of Gil Hensler and Sherlock Hackley. The only Bahamian owner of OIA still maintaining some shares was Edward Alb ...
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British Eagle
British Eagle International Airlines was a major British independentindependent from government-owned corporations airline that operated from 1948 until it went into liquidation in 1968. It operated scheduled and charter services on a domestic, international and transatlantic basis over the years. History Formation and early operations Harold Bamberg, a former wartime pilot,Aircraft (Gone but not forgotten... British Eagle), p. 32 formed the airline on 14 April 1948 with a nominal capital of £100 as Eagle Aviation Ltd at Aldermaston. The initial fleet comprised two wartime bombers converted for carrying fruit and vegetables. The first aircraft to enter service was a converted Halifax Mk 8 with the civil registration G-AJBL. It operated Eagle's first commercial flight, carrying a cargo of cherries from Verona to Bovingdon. It subsequently transported fruit from Italy and Spain for the Covent Garden merchants. It was joined by a second Halifax, registered G-ALEF and christe ...
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Clydesdale Bank
Clydesdale Bank ( gd, Banca Dhail Chluaidh) is a trading name used by Clydesdale Bank plc for its retail banking operations in Scotland. In June 2018, it was announced that Clydesdale Bank's holding company CYBG would acquire Virgin Money for £1.7 billion in an all-stock deal, and that the Clydesdale Bank, Yorkshire Bank and B brands would be phased out in favour of retaining Virgin Money's brand. CYBG plc's other banking businesses, B, Virgin Money and Yorkshire Bank currently operate as trading divisions of Clydesdale Bank plc under its banking licence. History Banknotes Following the announcement of the CYBG's takeover of Virgin Money in 2018 and planned phasing-out of the Clydesdale Bank brand by 2021 in favour of Virgin Money, it was announced that Virgin Money would continue to issue banknotes under the Clydesdale brand after 2021. Banknote history Until prevented by the Bank Charter Act 1844, privately owned banks in Great Britain and Ireland were permit ...
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City Of London
The City of London is a city, ceremonial county and local government district that contains the historic centre and constitutes, alongside Canary Wharf, the primary central business district (CBD) of London. It constituted most of London from its settlement by the Romans in the 1st century AD to the Middle Ages, but the modern area named London has since grown far beyond the City of London boundary. The City is now only a small part of the metropolis of Greater London, though it remains a notable part of central London. Administratively, the City of London is not one of the London boroughs, a status reserved for the other 32 districts (including Greater London's only other city, the City of Westminster). It is also a separate ceremonial county, being an enclave surrounded by Greater London, and is the smallest ceremonial county in the United Kingdom. The City of London is widely referred to simply as the City (differentiated from the phrase "the city of London" by c ...
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Pound Sterling
Sterling (abbreviation: stg; Other spelling styles, such as STG and Stg, are also seen. ISO code: GBP) is the currency of the United Kingdom and nine of its associated territories. The pound ( sign: £) is the main unit of sterling, and the word "pound" is also used to refer to the British currency generally, often qualified in international contexts as the British pound or the pound sterling. Sterling is the world's oldest currency that is still in use and that has been in continuous use since its inception. It is currently the fourth most-traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen. Together with those three currencies and Renminbi, it forms the basket of currencies which calculate the value of IMF special drawing rights. As of mid-2021, sterling is also the fourth most-held reserve currency in global reserves. The Bank of England is the central bank for sterling, issuing its own banknotes, ...
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Jet Aircraft
A jet aircraft (or simply jet) is an aircraft (nearly always a fixed-wing aircraft) propelled by jet engines. Whereas the engines in propeller-powered aircraft generally achieve their maximum efficiency at much lower speeds and altitudes, jet engines achieve maximum efficiency at speeds close to or even well above the speed of sound. Jet aircraft generally cruise most efficiently at about Mach 0.8 () and at altitudes around or more. The idea of the jet engine was not new, but the technical problems involved could not begin to be solved until the 1930s. Frank Whittle, an English inventor and RAF officer, began development of a viable jet engine in 1928, and Hans von Ohain in Germany began work independently in the early 1930s. In August 1939 the turbojet powered Heinkel He 178, the world's first jet aircraft, made its first flight. A wide range of different types of jet aircraft exist, both for civilian and military purposes. History After the first instance of powered ...
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BAC One-Eleven
The BAC One-Eleven (or BAC-111/BAC 1-11) was an early jet airliner produced by the British Aircraft Corporation (BAC). Originally conceived by Hunting Aircraft as a 30-seat jet, before its merger into BAC in 1960, it was launched as an 80-seat airliner with a British United Airways order on 9 May 1961. The prototype conducted its maiden flight on 20 August 1963, and it was first delivered to its launch customer on 22 January 1965. The 119-seat, stretched 500 series was introduced in 1967. Total production amounted to 244 until 1982 in the United Kingdom and between 1982 and 1989 in Romania where nine Rombac One-Eleven were licence-built by Romaero. The short haul, narrowbody aircraft was powered by aft-mounted Rolls-Royce Spey low-bypass turbofans, a configuration similar to the earlier Sud Aviation Caravelle and later Douglas DC-9. It also competed with early Boeing 737 variants and was used by several US carriers, as well as multiple British, overseas and European a ...
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Aircraft Livery
An aircraft livery is a set of comprehensive insignia comprising color, graphic, and typographical identifiers which operators (airlines, governments, air forces and occasionally private and corporate owners) apply to their aircraft. As aircraft liveries evolved in the years after the Second World War, they became a leading subset of the emerging disciplines of corporate identity and branding and among the most prominent examples of fashion. They have provided an arena for the work of distinguished designers and eminent lay people like Raymond Loewy, Alexander Girard, and Jacqueline Kennedy Onassis. The term is an adaptation of the word ''livery'': the uniform-style clothing worn by servants of wealthy families and government representatives until the early/mid-20th century. With the advent of stagecoaches, railway trains, and steamships, the term livery spread to their decoration. Since the 1950s, elements of airline liveries permeated ground vehicles, advertising, proprietary a ...
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Air France
Air France (; formally ''Société Air France, S.A.''), stylised as AIRFRANCE, is the flag carrier of France headquartered in Tremblay-en-France. It is a subsidiary of the Air France–KLM Group and a founding member of the SkyTeam global airline alliance. , Air France serves 36 destinations in France and operates worldwide scheduled passenger and cargo services to 175 destinations in 78 countries (93 including overseas departments and territories of France) and also carried 46,803,000 passengers in 2019. The airline's global hub is at Charles de Gaulle Airport with Orly Airport as the primary domestic hub. Air France's corporate headquarters, previously in Montparnasse, Paris, are located on the grounds of Charles de Gaulle Airport, north of Paris. Air France was formed on 7 October 1933 from a merger of Air Orient, Air Union, Compagnie Générale Aéropostale, Compagnie Internationale de Navigation Aérienne (CIDNA), and Société Générale de Transport Aérien ( ...
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