AIRLINES

Laker Plans New Transatlantic Air Service: Sir Freddie Laker, who pioneered low-cost transatlantic air service nearly two decades ago only to see his airline fail five years later, is giving it another go--but this time with a few frills. Laker and Texas oilman Oscar S. Wyatt Jr. said they will form a new carrier, Laker Airways Inc., to fly between Florida and Britain, Italy and Germany. “We think we will have an airplane in the air by Christmas,” Laker said. But the 73-year-old entrepreneur declined during a telephone interview to provide any details about how he hopes to lure passengers. Initial flights are planned between Orlando and Ft. Lauderdale and three British points: London, Manchester and Glasgow.