London-based Laker Airways collapses, leaving 6,000 stranded passengers and debts of $270 million.

The airline became the world's first long-haul, low-cost, "no frills" airline in 1977, operating low-fare scheduled services between its base at London Gatwick Airport and New York's John F. Kennedy Airport. However, the company did not survive the economic recession of the early 1980s, and operated its last flight on February 4, 1982, the day after it spectacularly went bankrupt.

Were you one of the stranded passengers?

Do you have a piece of memorabilia relevant to this event you would like to sell?
If you have, then advertise it now. Sign up and join in.

Do you find this article/user abusive? If you do, then please submit a report. Report abuse

Related Events

81st Academy Awards 2009
Peter Gabriel Bottom Line Concert 1978
"I Have a Dream"
1984 Winter Olympics, The
1988 Junior Olympics
1st Free Running World Championship
2008 Prairie meteoroid
2009 Presidential Inauguration of Barack Obama
67th Academy Awards 1995
7/7 Bombings