The BA deficit is no different to many of the independents. A large portion of guys have already taken large pots from various companies. The recent drop in gilt yeilds has pushed valuations up 40-50% in some cases. The largest pot taken in my airline is 2.5 million.
Some fear future legislation that would allow companies to walk away from liabilities could creep in especially if the goverment were to run out of money. Cutting the public sector pension liabilty and freeing up business at the same time? Can anyone see the post baby boomers avin it so good?
Just a thought.