British Airways defers £450m of pension payments as Covid cuts flights

ads

Airline also reaches deal over £2bn loan to give it a cushion until pandemic restrictions are eased

British Airways has struck a deal to delay £450m of pension deficit contributions as the company struggles through Covid travel restrictions that have left most of its planes grounded during the pandemic.

The carrier’s owner, International Airlines Group (IAG), has also reached a final agreement over a £2bn loan that will give the company a larger financial cushion until Covid restrictions are eased.

See also  TUC and Heathrow call on Sunak for 'survival support' for UK aviation

Continue reading...

ads

Be the first to comment

Leave a Reply