The Company operates two principal funded defined benefit pension schemes, the Airways Pension Scheme (APS) and the New Airways Pension
Scheme (NAPS), both of which are in the UK and are closed to new members. APS has been closed to new members since 1984 and NAPS closed to
new members in 2003. The Company’s principal defined contribution scheme is the British Airways Retirement Plan (BARP), of which all new
permanent employees over the age of 16 employed by the Company and certain subsidiary undertakings in the UK may become members.