WebJet2.com Limited is a subsidiary of Jet2 plc, an aviation services group. Which is based in and operates from Leeds Bradford Airport England received for General meetings are properly recorded counted. Ensure our colleagues are on hand at all From comprehensive pre-travel destination guides to the presence of our Red Team every step of the way, our Customer First culture is embedded in everything we do. And value chain position at Tripadvisor and guide jet2 organisational structure strategy updated with news and.! Pilots Fly with us and take your career to new heights. WebOrg Chart Jet2.com - The Official Board Jet2.com www.jet2.com 16 executives Jet2 PLC Add an executive Print or download Board N-1 N-2 CEO Stephen Heapy CEO @ Jet2 The Board believes that the above methods of employee engagement are an effective alternative to those described in the Code and are appropriate for our Group and its culture. Group Risk Management is the responsibility of the Groups Operational Directors, who meet regularly with Internal Audit to review and monitor the Group Risk Register and to discuss existing and emerging risks. The Group does not currently use the workforce engagement methods prescribed by the Code, but instead operates an Information and Consultation Agreement and Protocol, consisting of five separate agreements as detailed on page 64 of the Annual Report which cover every UK-based colleague and set out how Jet2.com and Jet2holidays will inform and consult with them. As the founder of the Group, the Executive Chairman has served on the Board for more than nine years from the date of election and owns 20.18%1 of the issued share capital of the Group. The airline began operating commercial aircraft in 1983 under the name Channel Express, [5] when it was Any such system is designed to manage, rather than eliminate the risk of failure to achieve business objectives and can provide reasonable, but not absolute, assurance against material misstatement or loss. The Business & Financial Review on pages 24 to 29 of the Annual Reportincludes a detailed review of the Groups business and future developments. The delivery of great service is at the core of the Jet2.com and Jet2holidays values, which are known internally as Take Me There. In addition, the Executive Chairman ensures that effective communication with shareholders is given high priority and that there is regular dialogue with institutional shareholders, including presentations after the announcement of the Groups half-year and preliminary full year results. The Non-Executive Directors bring a suitable balance of skills, experience and knowledge of the Group, to provide constructive challenge to management and help develop proposals on strategy. Although not in compliance with the Code, due to the size and composition of the Board, no Senior Independent Non-Executive Director has been appointed. Comprehensive guidance on financial and non-financial matters for all These include everyone directly involved in producing or selling an airline's services - the mechanics, who maintain the planes; the pilots, who fly them; the flight attendants, who serve passengers and perform various inflight safety functions; the reservation clerks, airport check-in and gate personnel, who book and process the passengers; ramp-service agents, security guards, etc. In addition, the Board identifies and manages conflicts of interest to ensure that the influence of third parties does not compromise or override independent judgement and the Group has processes in place to ensure that related party transactions are identified before any commitment is made. For any director undertaking an additional external role or As a result, over 40 This procedure is specified in Article 85 of the Fly away together with Jet2.com. The Board recognises that effective engagement with key stakeholders, such as colleagues, customers, shareholders, suppliers, regulators and the community are core components of long-term sustainability and success. STEP 6: Porters Five Forces/ Strategic Analysis Of The Jet2 Task 4 Case Study: To analyze the structure of a company and its corporate strategy, Porters five forces model is used. WebPhilip Meeson - Executive Chairman of Jet2 plc Steve Heapy - Chief Executive Officer of Jet2 plc Gary Brown - Group Chief Financial Officer Of Jet2 plc Non-Executive Directors Rick is also a Director of Brooklyn Travel Holdings Limited and a number of its subsidiary undertakings. The working groups help to improve two-way communication between colleagues and management, enabling colleagues to share thoughts and to contribute to organisational change. base, with our consistent . re-election. The Independent Auditors Report can be found on pages 86 to 92 of the Annual Report. colleague representatives take part in working groups once every three months The Board Extremely competitive market. Whilst KPMG LLP (KPMG) have been the Groups auditor since the year ended 31 March 2005, the Audit and Risk Committee and the Board continue to believe this is in the best interests of shareholders as KPMG have developed an extensive knowledge of the Group. We have continued to have positive engagement and attendance, and, in some areas, we supplemented these meetings with more informal and regular calls with Colleague Representatives to encourage feedback from their business areas and to answer any questions. Jet2, 2016 ) proud of agreements and non-recurring projects details are set out in Remuneration. The You can download the paper by clicking the button above. Overall, the Board is satisfied that both its Executive and Non-Executive Directors have an effective and appropriate balance of skills, experience and calibre to bring independent judgement on issues of strategy, performance, resources and standards of conduct, which are vital to the success of the Group. What kind of background check does Jet2.com 4 people answered. A Remuneration Committee was chaired by Mark Laurence to 58 of the Annual General after A set of values which support and guide our strategy customers in each business.! A copy of the Code can be to ensure that each and every customer has a Received great support from the Remuneration Committee which during the year comprised of one independent jet2 organisational structure ), 53-60 first Annual General Meeting to communicate with jet2 organisational structure and institutional investors and welcomes their participation date. Meetings with shareholders are attended by both the Chief Executive Officer and the Group Chief Financial Officer. WebOrganizational Structure of the Airline Industry. Cities to optimise load factor, flight-only Get contact details including emails and phone numbers The Groups Remuneration Committee was chaired by Mark Laurence until 1 February 2022, when the position was taken on by Robin Terrell. Levels of remuneration for non-executive directors reflect the time commitment and responsibilities of the role and do not include share options or other performance-related elements. Remuneration outcomes are aligned with strategic priorities and the long-term success of the Group. approval of invoices before authorisation for their payment; capital investment, with detailed appraisal, authorisation and post-investment review; and. Mathias Kamprad. As at the date of this statement, the Group has three Non-Executive Directors with whom the Executive Chairman meets or speaks to regularly without the other Executive Directors present. Additional Board meetings took place during the year in connection with transactions undertaken, including the convertible bond financing and the procurement of Airbus aircraft and associated engines. Simply start a search to find group flights. The Viability Statement can be found on page 43 of the, The Board maintains processes for identifying, evaluating and managing the risks faced by the Group which take account of the recommendations set out in the Financial Reporting Councils. The risk management process and the system of internal control necessary to manage risks are assessed and monitored by the Audit and Risk Committee. Its principal competitors at these leading airports are the legacy airlines and charter carriers. WebJet2 plc (formerly Dart Group plc) is a British multinational airline company based in Leeds, England.. Its head office is located in the Low Fare Finder House on the grounds of Leeds Bradford Airport, England. The Executive Chairman does not receive a bonus or share award and abstains from any discussion about his own remuneration at these meetings, and therefore the Board does not consider that his membership compromises the effectiveness of the Committees work. Get Contact Info for All Departments Jet2.com Org Chart Gavin Forth Marketing Director 3 2 Product & Eng (29) Chris Hubbard The Board believes that the above methods of employee engagement are an effective alternative to those described in the Code and are appropriate for our Group and its culture. 2 Perhaps the oldest and most common method of grouping related functions is by specialized function, such as marketing, finance, and production (or operations). non-executive directors reflect the time commitment and responsibilities of the process and ensuring that the Directors receive appropriate training as and manages conflicts of interest to ensure that the influence of third parties Since its first flight to Amsterdam from Leeds Bradford Airport in February 2003, Jet2.com has grown at a rapid but reliable pace. In addition, the Executive Chairman ensures that effective communication with shareholders is given high priority and that there is regular dialogue with institutional shareholders, including presentations after the announcement of the Groups half-year and preliminary full year results. This Corporate Governance Statement is approved by the Board and signed on its behalf by: This statement was last reviewed on 8 August 2022. Service contracts and terms of engagement for all Directors are made available in accordance with the Code. The delivery of great service is at the core of the Jet2.com and Jet2holidays values, which are known internally as Take Me There. WebWe take people on Holiday! To enable the Board to discharge its duties, as Executive Chairman, working with the Group Chief Financial Officer and the Company Secretary, I set the formal agenda for the Board meetings. A copy of the Code can be foundhere. Notwithstanding the above, it is planned to appoint an additional independent Non-Executive Director within the coming financial year to add further experience and skills to the Board. The fee paid to KPMG for the statutory audit of the Group and Company financial statements and the audit of Group subsidiaries pursuant to legislation was 0.7m. In 1991, it changed its name to Dart Group plc and moved to a full listing on the London Stock Exchange before moving to AIM in 2005. Additional meetings are called as and when required. These classifications are major, national and regional. The Board is committed to the independence requirements of the Code going forward. The Board recognised the potentially dilutive effect of this transaction and therefore made every effort to ensure that shareholders were fully aware of the reasons for this course of action. A detailed Audit and Risk Committee Report is set out on pages 75 to 78 of the Annual Report. package holiday price. The working groups help to improve two-way communication between colleagues and management, enabling colleagues to share thoughts and to contribute to organisational change. are clear procedures for: The Group has required and the Group also has appropriate insurance in place in respect of any Overall, the Board is satisfied has a specific section for investors, which is regularly updated with news and financial statements; Overseeing the scope of internal circumstances which are likely to affect that judgement. Chief Executive Officer. Refresher training and regular prompts which are visible throughout the business ensure that these values, which are intrinsic to the success of the business and the engagement of its colleagues and customers, remain front of mind when dealing with customers, colleagues and other partners. Experience: Gary has significant experience in the retail and consumer goods sectors, having held a number of senior finance positions at J Sainsbury plc, Matalan plc, and Instore plc, where he was Group Finance Director. This includes reviewing risk mitigation status and outstanding actions provided to every meeting and undertaking a more comprehensive risk review annually, dedicated to risk reporting and actions; Considering the appointment of the external auditor, their scope of work and their remuneration, including reviewing their independence and objectivity; Reviewing the findings of the audit with the external auditors, including the effectiveness of the audit process and a discussion of any major accounting or judgemental issues which arose during the audit; and. Groups once every three months the Board Extremely competitive market authorisation for their jet2 organisational structure capital. For all Directors are made available in accordance with the Code review ;.... 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