the assets in the fund will not meet the liabilities.
and as the full impact of Sept 1tth 2001 struck home the assets in the company couldn't meet the debt to the banks, yet here we are still. Thats because the debts to the bank didn't have to be paid off immediately in a single lump sum and neither does the pension.
concentrate on the really important feeder traffic (UK and euro capitals only).
So which of these route pairs do you think brings in most money: Rome or Milan? Frankfurt or Berlin? BA operate very few marginal short haul routes from LHR, they send those to LGW. LHR routes stand or fall on their own performance. If they don't perform we don't fly there. The slot could be used more profitably elsewhere.
other airlines will think twice before hiring short-sighted, hot-headed folks who drove their company into the ground.
Yep, when you need 300 experienced A320 pilots in a hurry you can afford to be choosy. Plus you'll have time to personally grill each candidate on their views on the downfall of BA and their part in it. Assuming they'll all be honest with you.