PPRuNe Forums - View Single Post - IAG: BA restructuring may cost 12,000 jobs
Old 23rd Aug 2020, 13:24
  #1643 (permalink)  
Ancient Observer
 
Join Date: Aug 2006
Location: Lemonia. Best Greek in the world
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777 has a very good point.
NAPS alone has a fund value of about UKP 20 Billion.

The whole of IAG is only worth UKP 3.8 billion. BA is still a pension fund with a little airline attached.

The deficit is about UKP 3 Billion.

BA were supposed to pay in 450m per annum for at least 3 years. Where is that coming from??

Most investments by Pension funds are not in a good place right now.

So let's all have a strike, and pass on Slots to other airlines, and be paid our pensions from the PPF..

Great idea.
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