Willie Walsh, chief executive of International Airlines Group (IAG), the group bidding for Aer Lingus, received a 29 per cent pay rise in 2014, as his total pay rose to €7.9m.
According to IAG’s annual report, published on Thursday, Mr Walsh’s total remuneration rose from €5.9m in 2013 to €7.9m in 2014, thanks to shares vesting under a long-term incentive plan.
Mr Walsh received a base salary of €1mn in 2014, a bonus of €2m, pension benefits of €262,000, plus long-term incentives worth €5m.
In his overview for the report, Mr Walsh referred to the airline group’s bid for Aer Lingus.
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“We think its business model fits very neatly with IAG and being part of the group would, we believe, bring big benefits for both Aer Lingus and our shareholders.”
