BA reaches deal with trustees over £3.7bn funding deficit

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British Airways has reached agreement with the trustees of the New Airways Pension Scheme and Airways Pension Scheme on a recovery plan to address its £3.7bn funding deficit.

The proposed deal - set to go before the Pensions Regulator on June 30 - maintains annual contributions at the current level of £330m, plus agreed annual increases in line with inflation expectatio...

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