, like many of the UK's major employers, is heavily weighed down by commitments to pay staff generous final salary pensions. The airline has two main occupational retirement schemes, and both have registered towering deficits in the past year. In December, in what was widely seen as a negotiating ploy in its talks with unions, BA published a valuation of assets in the Naps (New Airways Pension Scheme) fund and the older APS scheme that put the . , the airline's chief executive, told staff that...
Full Story: The Observer
