British Airways finalizes a plan to cover its pension fund shortfall

Copyright Photo: Gabor Hajdufi. Brand new Boeing 777-336 ER G-STBA (msn 40522) will be delivered next month.

British Airways (London) has developed a recovery plan for its $5.5 billion pension fund liability, potentially eliminating the final obstacle to its planned merger with Iberia (Madrid).

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Copyright Photo: Gabor Hajdufi. BA’s first new Boeing 777-336 ER (G-STBA, msn 40542) completed its first flight yesterday (June 21) at Everett (Paine Field).