Ba pension problem
Alas you are simplifying the problem, APS has a small surplus and Ba is putting 24m a year into it. If Ba goes bust APS will have to rely on its own resources which if we go into high inflation will result in APS pensioners being affected badly. If any deal is agreed that puts APS pensioners at risk it is inevitable that APS trustees will go to court to have such a deal blocked, it is their legal obligation as trustees to look after the APS pensioners nobody else. This is what I mean when I say that BALPA ,NAPS ,etc are not the only game in town.