British Airways announced that it reached agreement with the trustees of its two main pension plans, New Airways Pension Scheme and Airways Pension Scheme, concerning a recovery plan to address the plans' combined deficit that stood at £2.7 billion ($4 billion) as of March 31, down from £3.7 billion one year earlier. It reached agreement with its trade unions in March (ATW Daily News, March 17) and now will submit the recovery plan to the UK Pensions Regulator by the June ...

Subscribe to Access this Entire Article

"BA reaches key agreement on pension deficits" 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? ATWPlus@penton.com.

Already registered? here.