BA Pension Deficit
According to The Financial Times today,
'BA staff could expect little more than 60% of their promised pension benefits if the company were to become insolvent.'
In my view something that is entirely possible - terrorist attack perhaps on a BA aircraft, more financial angst and then of course some further union posturing affecting passengers to finally kill off a company whose loans are officially graded, at the moment, as 'junk bonds' by the city.
Sadly, part of my pension is tied to BA. When BA bought DAN for £1 in Nov 91, the Dan Air pilot's pension scheme was wound up. A 'surplus' of about £8 million pounds was taken by BA.
Last edited by fiftyfour; 10th December 2003 at 04:08.