British Airways' hopes to resolve its pension deficit issue were dashed Friday when the GMB Union rejected its latest proposal, which included a one-time company contribution of £800 million ($1.55 billion) into its New Airways Pension Scheme and annual contributions of about £280 million for the next 10 years subject to the unions' acceptance of benefit changes. On Jan. 5, the British Airways Forum reached a deal with the airline to recommend acceptance of the proposal to the four ...

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