rumor has it the pension deficit is around 3 billion pounds and growing. you have to understand that all former senior managers/pilots/engineers/cabin crew,etc.(eg.after 5 years at BA Sir ROD E is on a life long pension from BA of a 6 figure number) are being paid a pension. there is no way thay can fund this now or in the future. what's the answer? some BA unions contemplating strike actions over summer (that would certainly accelerate the end game).
I think unless the UK government finds an innovative solution i cant see them operating another 2 years.
