BA pilots to exchange pay for shares
Updated on 16 June 2009
Pilots at British Airways may be on the verge of striking a deal to accept a pay cut in exchange for taking shares in the company.
Channel 4 News understands the highly unusual trade-off could be unveiled shortly, as BA is negotiating a series of money saving measures with its unions.
The airline says it is in a "fight for survival" and asked staff today to agree to work for nothing, voluntarily giving up their wages for up to a month.
