A number of daring plane hijackings are so puzzling the authorities that the Phantom, on a visit to Diana, asks Dave Palmer for an introduction to Planet Airways, who have had no less than six planes hijacked.

It soon becomes clear that the planes are in the possession of Prince Charl of the Highlands, or 'The Cheap' as he is called due to his obsession with bargains. His new scheme is charging 1 million dollars per month in "plane parking fees'. The Phantom wastes no time in heading for the Highlands, where things are about to turn nasty...

Watch out for:

The first (and last?) glimpse of the Phantom's "Skull 'Copter'

Mr. Walker as an airline representative

???A polite gunman who dislikes violence??