British Airways Settles Pension Suit Ahead Of Supreme Court
Law360, London (April 9, 2019, 1:55 PM BST) -- British Airways PLC said Tuesday it has settled a multimillion-pound dispute over its pension scheme contributions, ending a six-year legal battle with the fund’s trustees and avoiding a final confrontation at the Supreme Court in London.
The trustee directors of the Airways Pension Scheme, who had been pushing for the national carrier to pump another £12 million ($15.7 million) into the 24,000-member fund, confirmed they have agreed to an out-of-court settlement with the airline.
Both sides are waiting for final approval from the High Court, which would formally end litigation that began in 2013. The trustees said the court might not approve the...
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