BA finalises pensions plan
- Latest News
- Wednesday, 23 June 2010
The recovery plan maintains British Airways' annual contributions at the current level of around GBP330 million plus agreed annual increases in line with inflation.
The carrier also will make additional deficit contributions if its year-end cash balance exceeds GBP1.8 billion.
The schemes will also be provided with GBP250 million of additional security over the company's assets, payable if BA become insolvent.
