Last week, the US Department of Transport gave approval to low cost airline Norwegian Air Shuttle to operate freely between the UK and the US, writes Joe Gill.

A budget airline’s hopes of becoming the transatlantic equivalent of Ryanair or easyJet moved a step closer today thanks to a tie up with Bank of Scotland, it was claimed.

AIRLINE tycoons have paid tribute to the “pioneer of low-cost travel” Freddie Laker, who has died at the age of 83. Mr Laker, whose cheap fares opened up a new era in air travel in the 1970s, died of undisclosed causes in Miami.