British Airways Pension Trustees Limited (BAPTL)

British Airways Pension Trustees Limited (BAPTL) is a company established to hold the assets of the Airways Pension Scheme (APS) and the New Airways Pension Scheme (NAPS), with BAPTL acting in law as the Custodian Trustee of the assets of both schemes. The Trustee Directors of APS and NAPS are the Directors of BAPTL.

Key facts

• Holds the assets of the pension schemes
• Role includes maintaining bank accounts, dealing with assets, contracts and benefit payments
• Wholly owns one subsidiary company: BAPSL