For companies based in Spain, salary audits are carried out under Royal Decree 902/2020, of 13th October, on equal pay for men and women, and in no case are any gaps identified that would require specific action plans to be drawn up.
For direct employees, salaries are determined by the applicable collective bargaining agreement. Thus, the fixed compensation for similar posts with the same level of experience and seniority is identical, regardless of any other factor (including age or gender). The variable compensation (incentive system) is directly linked to the employee’s performance, irrespective of different variables.
Members of the Boards of Directors (during 2023, the Board of Directors of Aciturri Aeronáutica S.L.U. and the Board of Directors of Alestis Aerospace, S.L. coexisted) are compensated under the Articles of Association of each of the companies, which remained unchanged in this respect during 2023. Thus, trustees are compensated, and the compensation system and the amount of compensation to be received by non-executive board members, if the administrative body takes the form of a Board of Directors, is a fixed annual allowance appropriate to their services and responsibilities, which may be paid either in monetary form and/or in kind.
Specifically, in 2023, the average compensation for 15 Aciturri Aeronáutica Directors (all men) was €65,250 gross per year, while in Alestis Aerospace, the average compensation was €45,000 (the same for male and female Directors).
No in-kind compensations were made last year. Neither have any contributions have been made to pension funds or plans for the benefit of trustees or management personnel, nor have any obligations been entered into for these purposes. Trustees and Aciturri’s board members received no contribution in funds or pension plans, nor were they promised such benefits. Trustees received no compensation in profit share, life insurance premiums or long-term pension plan systems. Neither were they granted shares or stock nor outstanding stock options, advances or loans. They did not receive indemnity either.
15. Disaggregated information on the compensation of the Directorates General (Director General of Aerostructures and Director General of Aeroengines) is not included, as the disclosure of this information would violate data protection.