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Irish low-cost airline Ryanair flew into a shareholder revolt on Thursday, as almost half of its investors voted against its remuneration of senior staff amid ongoing pilot strikes over pay. The carrier announced in a statement that a resolution over management remuneration policy has been passed at its annual general meeting in Dublin - but only 50.5 percent of shareholders voted in favour. The remaining investors expressed anger with a protest vote over plans which grant chief executive Michael O'Leary a bonus potentially worth as much as 99 million euros ($109 million).

"Ryanair is, and will continue to, consult with its shareholders, and we will report back to them over the coming year on how the board will adapt its decision making to reflect their advice and input on all these topics," a company spokesman said. This week's vote comes amid an ongoing strike by Ryanair's British pilots who are members of the British Airline Pilots Association.

Copyright Agence France-Presse, 2019


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