LONDON - BRITISH Airways said on Monday that its pension deficit had swelled to 3.7 billion pounds (S$8.3 billion), giving Spain's Iberia a get out clause if it wants to call time on their long-planned merger. BA said an actuarial review had revealed a 1 billion pound deficit at its Airways Pension Scheme (APS) and a further 2.7 billion pound black hole at its New Airways Pension Scheme (NAPS).

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