According to the Public Accounts Committee who yesterday questioned Everitt. the Airline Group only put up £50million,
BA chucked in another £15million, and the rest of the money to fund PPP came from the Banks - who will take £600million
interest. The last two are down to NATS (our employers) and not the Airline Group. That makes a debt exposure of £1.4BILLION
and ignores the £1billion NATS is planning to borrow to fund future developments.
Goodbye Pension Fund?
Time to get out I think, because legislation protects those already receiving pensions (Did you see Panorama on Sunday?) and not those still employed.
Staff shortages could be the least of our problems.