BA may fold if unions reject deficits burden

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UK - British Airways "may not survive" unless unions agree to share the pensions burden, trustee chairman Mervyn Walker warns.

Walker is chairman of the £6bn Airways Pension Scheme and the £4bn New Airways Pension Scheme which have discontinuance deficits totalling £3.6bn. This dwarfs BA’s market capitalisation of £2.4bn. ...

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