Sunday, February 12, 2006
One reason the Telegraph is so good. Where else do you find facts like the one in the last sentence of the paragraph in Freddie Laker's obit describing antitrust action involving Laker Airlines?: In 1983 the liquidators Touche Ross began an anti-trust action in America, claiming a billion dollars from 10 major airlines. The allegations went beyond predatory pricing; British Airways, Pan Am, TWA and Lufthansa were said to have met to plot Laker's downfall. In particular, several airlines had threatened the manufacturer McDonnell Douglas that they would buy elsewhere if it rescheduled Laker's debt. The Justice Department found the evidence in a school project by the daughter of a McDonnell Douglas director.