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13-Apr-2010 11:33 AM

British Airways appoints new Chairman for pension scheme to smooth merger with Iberia

British Airways (BA) appointed Paul Spencer, as Chairman of its pension trustees, as part of efforts to resolve the carrier’s pension scheme deficit and smooth the merger with Iberia, which still has concerns over the level of BA's pension debt (Director of Finance Online, 12-Apr-2010). British Airways and Iberia formally signed a merger agreement on 08-Apr-2010, after receiving approval from competition authorities and shareholders.