22 February 2021
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2 min read
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Nearly £1bn of payments are due to the scheme by 2024
British Airways (BA) has deferred deficit recovery contributions (DRCs) totalling £450m following an agreement with trustees after a catastrophic year for the airline industry.
The £37.5m per month payments to the New Airways Pension Scheme (NAPS), plus interest, will instead be added to the end of the scheme's recovery plan in 2023. Interim deferrals had already been agreed...
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