Intensifying regulation, rising operational costs, and increasingly complex investments were cited by the beleaguered airline.
Tag: British Airways
The financial services company will take over $5.7 billion of the airline’s pension liabilities.
Court of Appeals overturns High Court ruling in favor of trustees making discretionary increases.
Closure would protect existing benefits, but unions express “dismay and bitter disappointment.”
Judge rules pension was within right to add discretionary increases.