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High Quality Content by WIKIPEDIA articles! Sir Frederick Alfred Laker (6 August 1922 9 February 2006) was a British airline entrepreneur, best known for founding Laker Airways in 1966, which went bankrupt in 1982. Laker was one of the first airline owners to adopt the "no-frills" airline business model that has since proven to be very successful worldwide with companies such as Southwest (Southwest Airlines was one of the few other "no-frills" airlines in the world when Skytrain launched), Ryanair, EasyJet, AirAsia, WestJet and Virgin Blue.