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BA reaches pension agreement with trustees

British Airways has reached agreement with the trustees of its New Airways Pension Scheme (NAPS) and Airways Pension Scheme (APS) on a recovery plan to address its pension deficits. The airline completed consultation with its trade unions earlier this year and will now submit the full recovery plan to the UK Pensions Regulator by June 30, 2010.

The recovery plan avoids closing the pension schemes. It maintains British Airways

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