Re: BA pilots 'prepared to strike'
The BA NAPS scheme is worth about ten billion with liabilities of around 12 according to todays radio. If it goes tits up then the employees' pension is about 80% funded with the possibilty of more from the sale of the assets. They are being asked to settle for pensions of up to 40% less than that which they have worked for during the last twenty years. The aircraft would still be there and the slots. WW needs them as much as they need BA.