Alitalia Airlines trustees agree buy-in deal

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UK/ITALY - The Alitalia Italian Airlines Pension and Assurance Scheme has entered into a pension insurance buy-in with Pension Insurance Corporation with a deficit of more than £22m (US$33.7m).

Alitalia's UK scheme is currently within a PPF assessment period after the airline entered administration in 2008. At the time the company collapsed the Italian government owned 49.9% of the shares...

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