That nice Mr. Walsh has said............
"The accounting deficit in the New Airways Pension Scheme (NAPS) is up by £101m to £2.1bn, despite the company’s increased contributions and equity markets at a five year high."
“We have announced our proposal to tackle the pension deficit and I am pleased with the dialogue we have had with staff, trustees and trade unions on this vital issue."
Bugger! Springs to mind.
PLM