BA 'may have to declare itself bankrupt'

A LEADING actuary has warned BA may have to declare itself bankrupt to deal with its £1.4 billion (€2.03bn) pensions deficit.

Donald Duval, chief actuary at Aon Consulting, said the shortfall was in relation to benefits members had already accrued.

He said this could be reduced by the company paying more into the scheme, but the only way to get rid of it was for BA to declare itself bankrupt.