The Board has an established Audit and Risk Committee which during the year comprised of two independent Non-Executive Directors and one Non-Executive Director. approval of material decisions, agreements and non-recurring projects. 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. Our Training and Planning teams are there to support our colleagues to deliver our VIP customer service on every call. Jet2 plc: 2022-23 Jet2 plc. The organization is officially known as Jet2.com Limited. Youll help us deliver serviceable and well presented aircraft to keep our operation running reliably and on time. The Jet2 airline is a subsidiary of the Dart Group PLC, which is aviation and services distribution group. We see the launch of our spectacular 9.5 million state-of-the-art Training Centre in Yorkshire, complete with three flight simulators. Notify me of follow-up comments by email. In January 2011, the airline introduced second-hand Boeing 737-800 aircraft into its fleet. The Group has a well-established Whistleblowing Policy to ensure that colleagues are fully aware that they can report concerns or suspicions about any wrongdoing or misconduct as soon as possible and be assured that the Group will treat their concerns seriously, investigate them appropriately and provide assurance that their confidentiality will be protected wherever possible without fear of repercussion. Join us if you have the IT know-how or project skills to keep our Network, PCs, apps and websites running. Since 2020, Jet2holidays score has improved by 3.3 and Jet2.com has improved by 0.8. Jet2 is also officially the largest tour operator in the UK after overtaking TUI in 2023. jet2 organisational structure. [50] Jet2 also have the oldest remaining commercial plane in Europe. Group plc, which is based in and operates from the company and individual jet2 organisational structure browse Academia.edu the Strategy of the Group departments-departments directly involved in accomplishing the primary goal of the Audit.. The Directors have chosen a 3-year time period for the Groups viability assessment, which aligns with the Groups medium-term fleet and operational planning timelines. Your email address will not be published. Over the years, the brand image of Jet2 airlines has become as of a holiday airline. Committees: None. 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. Throughout the pandemic, working group meetings continued to take place on a quarterly basis with Senior Managers and Directors, with our Executive Chairman often in attendance. Based in the UK, we support our teams in destination to deliver a VIP customer service. In early 2020, Jet2.com and Jet2holidays faced the biggest, most unprecedented scenario in its history. The enduring success lies in giving customers great choice, great value, and ultimately great service. [citation needed] In November 2016, Jet2.com opened its new maintenance hangar at Manchester Airport. ft offices at The Mint in Leeds City Centre, as we employ more than 1,500 staff in Yorkshire. Operational costs in general for the whole aviation industry are on the rise globally (Vespermann, 2011). Plus, were ready to expand again, acquiring 30 new Next Generation 737-800s from Boeing between 2016 and 2018. Corporate Governance Statement . The organization has placed in order of 43 more aircrafts of the same class in 2016. The Board meets at least four times a year in order to, amongst other things, review trading performance, ensure adequate funding is in place to continue to operate effectively and to set and monitor strategy. [10] The base was opened on 31 March, slightly earlier than scheduled. The Board, with guidance from the Remuneration Committee, exercises independent judgement and discretion to arrive at fair and balanced remuneration outcomes, taking account of the company and individual performance. The present situation poses a significant opportunity for the Jet2 airlines. Jet2.com makes a swift return to winning ways by scooping the Best Short Haul Airline for the third year in a row at the Globe Travel Awards 2014. An explanation of how the Group has complied with the Code is set out below and also in the Audit and Risk Committee Report on pages 75 to 78 of theAnnual Reportand the Remuneration Committee Report on pages 79 to 83 of theAnnual Report. 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. 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. Although the Covid-19 pandemic prevented face to face presentations, in the last year these have been supplemented by online presentations by the Senior Management Team, which include an opportunity for colleagues to raise questions direct with the Chief Executive Officer, Group Chief Financial Officer and other directors. Jet2.com came joint 45th in the list the highest ranked airline in the study. We've been recognised as the best UK airline and tour operator for how weve treated our valued customers. Whilst not in compliance with the Code, Directors are submitted for re-election at regular intervals, subject to satisfactory performance. Since then we have grown to become the UKs third largest airline, flying to a range of fantastic sunshine and leisure city destinations across Europe, the Mediterranean and Canary Islands. Jet2.com limited also offers several other services from a branch of different brands. 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. These aircraft helped the company to open two more bases at Blackpool and Edinburgh. Experience: Rick has extensive commercial experience in the travel industry gained from working in both the Airline and Tour Operating sectors. Jet2 is headquartered in Leeds, Yorkshire, the UKScope. In addition, their independence of character and integrity prevents any individual or small group from dominating the decision making of the Board as a whole. Further details are set out in the Remuneration Committee Report on pages 79 to 83 of the Annual Report. Jet2 is a British budget cost airline which is based in and operates from Leeds Bradford Airport England. Our reviews on TripAdvisor make us 7th in the Top 10 Airlines of the World too. 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. On hand in the Airport and in Resort, our overseas teams are there for Customers throughout their holiday. The hangar covers an incredible 6,000 square metres of floor space, allowing our Engineering and Maintenance teams to work on up to three aircraft at the same time! Indulgent Escapes. The airline also acquired further Boeing 737 and 757 aircraft and opened a base at Belfast International Airport. jet2 organisational structure. The best you can find on the School Management System! View Jet2.com org chart to access information on key employees and get valuable insights about Jet2.com organizational structure. Finally, utilizing all the information gathered the report would assess the strategies of the company and evaluate their effectiveness. [32], As of May2023[update], the Jet2.com fleet consists of the following aircraft:[43][44], In addition to the above fleet, Jet2.com commonly damp-leases additional aircraft to support its operations during busy periods. All correspondence will be responded to by the Jet2 plc Company Secretary. Robin qualified as a Chartered Accountant with Coopers & Lybrand. Things really took off for us from here - we carried 360,000 happy passengers in that first year! Then, on 15 September 2016, our first brand new Boeing 737-800 aircraft arrived. 5th October 2021 by Vicky Miller Last updated on 18th April 2023 What is an organisational structure? Join our growing team of over 300 colleagues, based in Leeds and Sheffield, to harness the latest technology advancements. Were here to maximise revenue whilst ensuring our customers get the very best fares. Committee papers containing appropriate and timely information are distributed several days before each meeting takes place and, in the months when the Board does not meet, the Directors receive a formal written report in relation to trading performance. S/MIME certificates validate email senders and encrypt email contents to protect against increasingly sophisticated social engineering and spear phishing attacks. Jet2.com came 29th in the list the highest ranked airline. Recommended Provider once again, marking the fourth consecutive year that the UKs largest consumer organisation awarded us with this prestigious accolade. 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. Is this data correct? Their services are high quality, prices are competitive, hence the increased demand. Jet2.com, the third largest UK airline, has a history that spans over 30 years.We changed our name to Jet2.com before our first leisure flight from Leeds Bradford Airport to Amsterdam in February 2003.. Rick Green was appointed to the Board on 6 September 2018 as a non-executive director. How does an organisational structure affect performance? 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. Fulfilling its responsibilities to protect the interests of shareholders by ensuring the integrity and clarity of the financial statements and of any formal announcements relating to the Groups financial performance; Carefully considering key judgements and estimates applied in the preparation of the consolidated financial statements; Overseeing the scope of internal audit work for the year and reviewing the effectiveness of the Internal Audit function; Reviewing and monitoring the adequacy and effectiveness of internal control and risk management policies. In 1997, he joined Collins Stewart plc and helped develop the group leading up to its MBO and IPO in 2000. The Directorate for Intelligence, J-2, supports the Chairman of the Joint Chiefs of Staff, the Secretary of Defense, Joint Staff and Unified Commands. Mark was recognised at the 2014 Grant Thornton Quoted Company Awards as Non-Executive Director of the Year. The Groups Remuneration Committee was chaired by Mark Laurence until 1 February 2022, when the position was taken on by Robin Terrell. Appointed: Joined Jet2 plc in 2009 as Managing Director of Jet2holidays and Chief Commercial Officer for Jet2.com and is now the Chief Executive Officer of Jet2 plc. Jet2.com becomes the only UK airline to be recognised as a Which? Additionally, the Group keeps colleagues regularly informed on matters relating to their employment through a variety of weekly and monthly information bulletins and newsletters covering a broad range of topics. Appointed: Joined Jet2 plc in April 2013 and was appointed to the Board as an Executive Director in June 2013. Jet2.com builds on its foundations at Leeds Bradford - literally! The increasing passenger base for the organization overloading the handling bases at the airports at which Jet2 operates, which are causing the handling and operational costs to rise faster than the profits. However, the organization is facing the problem of diminishing returns due to lack of resources and operational capability. Jet2holidays wins Best Short Haul Operator for the second year running at the Globe Travel Awards. The Business & Financial Review on pages 24 to 29 of the Annual Reportincludes a detailed review of the Groups business and future developments. The Board customarily uses the Annual General Meeting to communicate with private and institutional investors and welcomes their participation, and the Executive Chairman ensures that the Chairs of the Audit and Risk and Remuneration Committees are present to answer questions. 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 Asked 23 . The Committee makes recommendations to the Board on an overall remuneration package for the Executive Directors and other senior managers and takes external advice on the value of the total employment packages, and the extent of performance-related elements within, to ensure that they are appropriate when compared to analyses of comparable companies. It is facing increased demand in the market. Consequently, the Board assesses and monitors the Groups culture through regular interaction with management and colleagues to ensure that its policies, practices and behaviours are aligned with the Groups purpose, values and strategy. Jet2.com was crowned Airline of the Year at the prestigious TTG Travel Awards. Our growing fleet of Aircraft are expertly maintained by our dedicated teams of engineers across the UK and overseas. At Jet2holidays, we notch up 1.2 million customers in a single financial year and we now employ over 5,000 colleagues across the UK and overseas. With higher fuel costs and increased competition and traffic on airports. The company offers leisure air travel and package holidays, and operates scheduled, charter and tour operator flights. The benchmark UK Customer Satisfaction Index (UKCSI), produced bi-annually by the Institute of Customer Service, named Jet2holidays 4th out of almost 250 companies making us the highest ranked tour operator for customer service. Full details of votes for, against and withheld are published on the Groups website following the meeting. On 29 April 2015, sister company Jet2CityBreaks was launched. We were pleased to announce that wed agreed to purchase 51 new Airbus A321 NEO aircraft, with the flexibility to extend the order up to 75. Jet2 plc: 2022-23 Jet2 plc. In many cases, JES2 and JES3 perform similar functions, but most installations use JES2. The strategy that is proposed will consistently allow the company to expand. Jet2 also offers a charter service through its Jet2charters brand. Comprehensive guidance on financial and non-financial matters for all managers and Colleagues is given in the Group Management Manual, within which there are clear procedures for: The Group has an independent Internal Audit department, which provides assurance by performing full and regular monitoring of the Groups procedures, promoting robustness of controls, highlighting departures from procedures and suggesting relevant key performance indicators for future monitoring. Similar is the case for its financial aspects, Dart Group, which reports the financials for Jet2 have displayed a steady growth in the airlines revenues and profits. The Board has a formal schedule of matters specifically reserved to it for decision, including: Day-to-day management responsibility rests with the Operational Directors. Jet2 plc announced that in order to meet the future anticipated growth of its Leisure Travel business and to refresh its existing aircraft fleet, the Company had entered into an agreement with Airbus to purchase 36 new firm ordered Airbus A321 neo aircraft and also agreed flexibility to extend the order up to 60 aircraft. Jet2.com was voted 'Best Short Haul Airline' five times in the last seven years at the Globe Travel Awards, Jet2.com 2002-2023 A subsidiary of Jet2 PLC. [28] In addition to the training centre located in Bradford, Jet2.com announced in February 2023 that they'd opened a new 8.5 million training centre in Cheadle. Majority of the planes of Jet2 are Boeing 737-800, which can carry almost 200 passengers. The risk management process and the system of internal control necessary to manage risks are assessed and monitored by the Audit and Risk Committee. The reason was the spike in operational and handling cost. Assess Jet2 Plc as a prospective partner, vendor or supplier. Newly appointed Directors are subject to re-election at the first Annual General Meeting after their appointment. 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. He is currently Non-Executive Chair of Wetsuit Outlet, Non-Executive Director and Chair of the Audit Committee at New Look and Non-Executive director at hlns AB. Please note, to download these document you will need the latest version of Adobe Reader which you can download here. Robin Terrell is Chair of the Audit and Risk Committee and, since 1 February 2022, Chair of the Remuneration Committee. In September 2019, we officially opened our state-of-the-art Jet2TT facility in Pune, India. Gary is a fellow of the Institute of Chartered Accountants of England and Wales. In addition, both the Executive and Non-Executive Directors have the opportunity to meet with other shareholders at the Annual General Meeting and on further occasions during the year as required. The organization is officially known as Jet2.com Limited. [49] In October 2022, Jet2.com announced an additional order for 35 Airbus A320neo aircraft. The Executive Chairman is responsible for evaluation of the Boards performance and that of its committees and individual Directors. financial reporting, within a comprehensive financial planning, budgeting, reporting and accounting framework. However, the pre-tax profit was reduced by almost 15% because of the immediate investments that the organization had to make at Birmingham and London Stansted Airports to increase operational capacity. 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. Over 60% of our holidays are sold online! This procedure is specified in Article 85 of the Groups Articles of Association, whereby at every Annual General Meeting one third of the Directors shall retire by rotation and are eligible for re-election. Jet2holidays comes in joint 9th out of more than 250 major brands and organisations. The external environment of the organization is posing several threats. Having decided that the Company needed wider access to funding in order to accelerate its growth, Channel Express Group plc was floated on the USM in 1988. Were delighted to finally welcome our customers back onboard when we restart flying on 24 June. The airlines have extended their operations towards international flights. In June 2017, Jet2.com launched Jet2Villas through its Jet2holidays brand.[24]. We've also sold more than 99 million seats! by kasi | Mar 17, 2018 | Strategy | 0 comments. Other areas of risk assessment and monitoring which may normally be carried out by an Internal Audit department are, in the main, covered by the Board either as a whole or within the various meetings highlighted. Spanish Civil Aviation Accident and Incident Investigation Commission, "All Scheduled Services 2018 - Civil Aviation Authority (2019)", "ATOL reports | Civil Aviation Authority", "Companies House - English Company 02739537", "Cheap flights to & from New-York | Book Online Today! What is a divisional organisational structure? We launch our 'Take Me There' training programme to ensure Jet2.com and Jet2holidays colleagues have the know-how to create an even better experience for our customers. The Directors have chosen a 3-year time period for the Groups viability assessment, . The Audit and Risk Committee is chaired by Robin Terrell, an independent Non-Executive Director, and meets no less than three times per year, reporting back to the Board on key issues discussed at each meeting. [27] In September 2014, the airline opened a new 9.5 million training academy at Euroway Industrial Estate in Bradford. Our Holiday Operations roles, both Overseas and in the UK, help our customers Have a Lovely Holiday. All votes received for general meetings are properly recorded and counted and details of proxy appointments and voting instructions are provided at the meeting. The J-2 . On 17 August 2020, Jet2 announced via BALPA, that they would be laying off 102 pilots from various UK bases, due to the COVID-19 pandemic. 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. Stephen Heapy . Details of resolutions to be proposed at the Annual General Meeting are included in the Notice of Annual General Meeting and related papers, which are sent to shareholders in advance of the meeting in accordance with the Groups Articles of Association. Jet2.com, the third largest UK airline, has a history that spans over 30 years. The organization cannot handle an influx of demand. However, the Board considers that he has significant commercial experience from both airline and tour operating sectors and as such brings much valued expertise and insight. We celebrated a major milestone as our first ever flights and holidays took off from our TWO brand new UK bases (London Stansted Airport and Birmingham Airport) on the same day. In line with the Code, executive responsibility for the day-to-day running of the Group sits with the Chief Executive Officer, Steve Heapy. Meanwhile, Jet2.com & Jet2holidays are awarded Travel Brand of the Year 2018 at the Which? Robin brings extensive experience in leading online and retail businesses and has very relevant financial knowledge given his qualification as a chartered accountant and his previous position as Chair of the Audit Committee of William Hill plc. What is a line organisational structure? [9] The seasonal flights to New York have continued annually and now run from five of its UK bases. Although not in line with the Code, the Executive Chairman is a member of this Committee, which reflects the insight that he is able to bring with regards to the engagement and reward of the top talent within the business from being the founder of the Group. Jet2.com and Jet2holidays were once again been named as one of the top brands in the country for delivering excellent customer service. During his career Rick has held a number of significant positions, initially working in senior management roles within First Choice Holidays and Thomas Cook, and then as Managing Director/CEO of Direct Holidays plc, My Travel Group and Globespan plc. Appointed: Joined the Board of Jet2 plc on 14 April 2020 as an independent Non-Executive Director and was appointed as Senior Independent Director on 17 November 2022. In 2003, the airline carried only 500,000 passengers. All Directors have access to the advice and services of the Company Secretary, Ian Day, who is responsible to the Board for ensuring that Board procedures are followed, and that applicable rules and regulations are complied with. It is the national level focal point for crisis intelligence support to military operations, indications and warning intelligence in DoD, and Unified Command intelligence requirements. Jet2 is a British budget cost airline which is based in and operates from Leeds Bradford Airport England. We announce that we will be making Birmingham Airport our eighth UK base in 2017 and announce 57 weekly flights to 15 destinations from Birmingham Airport. Jet2.com's Registered office, Low Fare Finder House,[25] is located on the grounds of Leeds Bradford International Airport. Jet2.com was on the awards trail again - scooping two prestigious accolades in the inaugural TripAdvisor Travellers Choice awards for airlines, winning the Best Airline UK and Best Low-Cost Airline Europe prizes. Jet2.com Limited is a British low-cost leisure airline offering scheduled and charter flights from the United Kingdom.As of 2022, it is the third-largest scheduled airline in the UK, behind easyJet and British Airways. We opened our brand new hangar at Manchester Airport. The Jet2.com management team includes Marc Burns (General Manager), Steve Adamson-Mullins (General Manager - Customer Experience and Insight), and Eamonn McGarry (Head of IT Project Office and Service Management) . ATOL data published by the Civil Aviation Authority showed that in the 12 months to September 2018, we were licensed to carry 2.94 million passengers. What are the types of organisational structures? This Corporate Governance Statement is approved by the Board and signed on its behalf by: This statement was last reviewed on 8 August 2022. The airline is ranked as the fourth largest airlines based in the United Kingdom. We also continue to expand our product portfolio by adding Athens, Sardinia and Sicily to our superb, sun-soaked line-up. To ensure compliance with laws and regulations, and to promote effective and efficient operations, the Board has established an organisational structure with clear operating procedures, lines of responsibility and delegated authority. The following report is an organizational analysis of the airlines Jet 2. Latterly at Merrill Lynch he was a member of the highly ranked UK Equity Strategy team. 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