British Airways said yesterday that it reached an agreement with the trustees of its New Airways Pension Scheme to address its £2.1 billion ($4.12 billion) deficit. The accord, which was reached in principle last year but rejected by the GMB Union last month (ATWOnline, Jan. 15), includes a one-off injection of £800 million, annual company contributions of £280 million for the next 10 years and an additional £150 million over the next three years subject to BA's financial ...

Subscribe to Access this Entire Article

"British Airways reaches pension solution" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.