Leasing firm’s directors see pay soar

Pay for executives at a Dublin-based aircraft leasing firm last year soared, with its 12 directors receiving on average more than $700,000 (€517,943) each.

New figures filed by the main Irish arm of the US-owned AWAS show that the aggregate pay for directors last year jumped by 23% from $6.98m to $8.575m.

The rise follows the firm increasing its pre-tax profits last year by 40% to $7.3m.

This followed revenues at the firm increasing by $18m or 25% from $72.36m to $90.45m in the 12 months to the end of Nov 30 last.