OREANDA-NEWS. International Airline Group's subsidiary, British Airways, has been in discussions for several months with the trustees of its main UK defined benefit pension schemes over the schemes' latest actuarial valuations as at March 31, 2015.  

 The discussions, initially focused on British Airways' largest scheme (the New Airways Pension Scheme), have been constructive.  However further work is required beyond June 30, 2016 (the date set by the statutory framework) to finalise the valuations and conclude a satisfactory agreement.  A further update will be given as and when appropriate.