Leasing firm’s bosses enjoy €5m windfall

Executives at a Dublin-based aircraft leasing firm enjoyed a $6.7m (€5.1m) pay bonanza in 2011 after a share-based windfall.

Accounts filed by the main Irish arm of Awas Aviation Capital Ltd to the Companies Office show its key management personnel received $4m in share-based payments in 2011.

The returns show that the personnel received the payments after pre-tax profits increased by 10%, from $131.3m to $144.2m, in the 12 months to the end of Nov 30 2011.