Quoting from today's Telegraph:
The annual reports for the two schemes to March 31, 2007, show a £5bn deficit in NAPS on a buy-out basis and a £1bn deficit in APS. Given the fall in asset prices since then, the total deficit will now be significantly worse
See full article here:
BA pension deficit 'dwarfs market value' - Telegraph
Pretty awful really as APS was fairly well funded until fairly recently. NAPS seems to have always been in deficit.
Regards
Exeng