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22 Feb 4:44am

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

The Guardian
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.
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