Nine Irish directors tap €8.7m pay pot at aircraft firm

The 14 directors of the Irish arm of the world’s largest aircraft leasing firm last year shared a pay pot of $9.7m (€8.7m).

New figures lodged by the firm with the Companies Office for GE Capital Aviation Services (GECAS) — based at Shannon — show pre-tax profits last year reduced by 66% from $48.4m to $16.4m.

The drop in pre-tax profits came as revenues decreased by 9% from $254.8m to $232.4m in the 12 months to the end of 2015.