Aerospace directors earned combined total of €5.1m last year, figures show

The eight directors of Royal Bank of Scotland’s former Irish-based aviation leasing business shared $6.7m (€5.1m) in salaries, bonuses and pension payments last year, figures show.

Accounts just filed by RBS Aerospace show the firm’s pre-tax profits declined by 12% from $204.3m to $179.1m in the 12 months to the end of Dec 2011.

The firm recorded the drop in pre-tax profits after revenues declined by 5.7% from $654.8m to $617.4m.