BA misses valuation deadline as conflict with trustees drags on

Michael Klimes
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BA misses valuation deadline as conflict with trustees drags on

British Airways (BA) has failed to meet a deadline for agreeing a way to plug its deficit due to a legal dispute with trustees over pension increases for retirees.

On 30 June the sponsor missed its 15-month deadline to agree a funding valuation with the Airways Pension Scheme (APS) and the New Airways Pension Scheme (NAPS). According to scheme documents, they...

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