September 12, 2018 / 8:58 PM / 2 months ago

Trustees of British Airways-sponsored retirement scheme close to pension buy-in deal -Sky News

Sept 12 (Reuters) - Trustees of British Airways-sponsored Airways Pension Scheme are close to a deal with Legal & General to insure more than 4 billion pounds ($5.22 billion) of its historic pension liabilities, Sky News reported on Wednesday.

The talks have been ongoing for months and could be concluded within days, Sky said, citing sources close to British Airways.

A spokesperson for the Airways Pension Scheme trustees declined to comment. Legal & General said it had no comment on the report. ($1 = 0.7664 pounds) (Reporting by Philip George in Bengaluru Editing by Mark Heinrich)

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