03.08.10
BA's plans to plug deficits in its two final salary pension schemes have been approved by the UK Pensions Regulator. In June, when an agreement was reached with pension trustees on the recovery plan, a spokeswoman for the airline said the agreement was the ‘one outstanding item’ before BA could seek shareholder approval for a merger with Spain's Iberia.
BA and the pension fund trustees agreed in June that the company would make additional contributions to its two final salary pension funds in excess of its regular £330m annual payments.
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