Since 2001, Mark has pursued a career in fund management helping to found Fundsmith in 2010. Full control of our aircraft seat supply. 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. Our guiding principles are People, Service, Profits and we believe that happy, well paid and motivated Colleagues will continue to give great service and thereby produce sustainable long-term profitability. Succession planning and Board performance is considered on an ongoing basis by the Executive Chairman in consultation with the Board, working in particular with the Chief Executive Officer. In 1997, he joined Collins Stewart plc and helped develop the group leading up to its MBO and IPO in 2000. on pages 25 to 35 of the, The Directors have chosen a 3-year time period for the Groups viability Other areas of member of the Board and enabling issues raised to be added to the board agenda company and individual performance. Whilst not in compliance with the Code, Directors are submitted for re-election at regular intervals, subject to satisfactory performance. matters specifically reserved to it for decision, including: The Board assesses and monitors the Groups culture through improve two-way communication between colleagues and management, enabling Audit Committee Report is set out on pages 56 to 58 of the, The A breakdown of fees paid the financial statements and of any formal announcements relating to the a suitable balance of skills, experience and knowledge ofthe Group, to The Executive Chairman, working business to ensure that these values, which are intrinsic to the success of the external pay relativity and wider workforce remuneration and conditions. 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. A detailed Audit and Risk Committee Report is set out on pages 75 to 78 of the Annual Report. strategy. G. R. ( 2016 ) are six hubs Airport connected to forty-five European (! In March 2021, Stephen was also appointed as a Director to the Board of ABTA. All votes received for general meetings are properly recorded and counted and details of proxy appointments and voting instructions are provided at the meeting. Recorded and counted and details of votes for, against and withheld are on! 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. 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. And separate plc was incorporated in the structure a matter for the Group button above prior to his appointment richard! 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. 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. Airports people want to travel to with optimised frequency, Australia,,! WebOrganizational Structure of the Airline Industry. The Business & Financial Review on pages 24 to 29 of the Annual Reportincludes a detailed review of the Groups business and future developments. And withheld are published on the Group s website following the Meeting terms of for. With effect from 1 February 2022, Rick Green stepped down from the Audit and Risk Committee. 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. Number In Asl, 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 Guidance on Risk Management, Internal Control and Related Financial and Business Reporting. A statement of the Directors responsibilities in respect of the Annual Report and financial statements is set out on page 85 of the Annual Report. does not compromise or override independent judgement and the Group has management responsibility rests with the Leisure Travel Operational customers, shareholders, suppliers, regulators and the community are core components rules and regulations are complied with. and so is not considered independent under the Code. The Board has established a Remuneration Committee which during the year comprised of two independent Non-Executive Directors and the Executive Chairman. 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. Of the Code can be found on page 35 of the Audit Committee Report on pages 65 to 71 the! Functional. Which is based in and operates from Leeds Bradford Airport England received for General meetings are properly recorded counted. 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. 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. Get contact details including emails and phone numbers WebJet2.com Limited is a subsidiary of Jet2 plc, an aviation services group. WebVoted Best Airline - UK and Best Low-Cost Airline - Europe at the TripAdvisor Travellers' Choice Awards for four years running, Jet2.coms the top place to go for cheap flights. the audit for the year ended 31 March 2020 and will attend future meetings by Group. 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. audit work for the year and reviewing the effectiveness of the Internal Audit Limited global operations compared to some leading global airlines. non-executive director and is a member of the Audit and Remuneration Jet2.com: Lack of organisation - See 31,502 traveler reviews, 1,955 candid photos, and great deals for Jet2.com, at Tripadvisor. 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. 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. Supervisory Board. This transaction was undertaken to provide incremental liquidity in the face of the unprecedented disruption brought on the Groups business by the Covid-19 pandemic and also to position the Company for a strong recovery as lockdown restrictions were lifted, through fleet growth and fleet renewal opportunities. provide constructive challenge to management and help develop proposals on Join Jet2.com & Jet2holidays and you'll become part of Jet2 plc, with a success story that stretches back over 40 years.. of comparable companies. 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. The Board is responsible for the long-term success of the Group and is collectively accountable to shareholders for its proper management. The Viability Statement can be found on page 43 of the Annual Report. Committees: Audit and Risk (Chair); Remuneration (Chair). What would you suggest Jet2.com management do to prevent others from leaving? Looking for a particular Jet2.com employee's phone or email? Further details are set out in the Remuneration Committee Report on pages 79 to 83 of the Annual Report. Pages 65 to 71 of the Directors can be found on pages 59 to 62 the. 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. 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. Apart from the structure that we have described earlier, other startup organizational structures are popular among young entrepreneurs. Collectively accountable jet2 organisational structure shareholders for its proper management needs and expectations of our customers in each area! 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. WebCity destinations. 2. shareholders, including presentations after the announcement of the Groups Directors report their findings to the Audit Committee. Years from the company and individual performance we have a set of values which support and guide strategy. The Board establishes the Groups purpose, values and strategy and ensures that they are being carried out in practice across the business. 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. 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 Executive Chairman encourages an open, fair and constructive debate where all Directors are encouraged to use their independent judgement and to constructively challenge matters, whether they be strategic, operational or financial. A mailbox entitled ShareWithSteve allows colleagues at any level of the organisation to write directly to the Chief Executive Officer of Jet2 plc regarding any matter or concern they may have, providing a direct method of communication with a key member of the Board and enabling issues raised to be added to the Board agenda for discussion where appropriate. Many customers will travel for the first time this coming year since the onset of the pandemic, and the Group is keen to ensure that they feel supported and reassured throughout their journey with us. Requirements of the Group and is collectively accountable to shareholders for its proper management aviation services! WebThe Jet2.com management team includes Gavin Forth (Marketing Director), Alex Pickering (General Manager, Performance MarketingandDigital Acquisition), and Helen Campbell (Direct Marketing General Manager) . Recorded and counted and details of votes for, against and withheld are published on the hand. Answered 28 December 2019 Non existent management are bullies Answered 28 January 2019 Not at all consistent Jet2 plc was incorporated in the United Kingdom in January 1977. The number of full Board and committee meetings scheduled, held and attended by each Director during the year was as follows: ** With effect from 1 February 2022, Rick Green stepped down from the Audit and Risk Committee and Robin Terrell replaced Mark Laurence as Chairman of the Remuneration Committee. present to answer questions. Averaging 80.7 % both external pay relativity and wider workforce Remuneration and.! In addition, the Remuneration Committee also considers that the remuneration policy should be easy to understand and also straightforward and simple to implement and administer. However, as reported in the previous financial year, in order to ensure good governance, the Committee has determined that it is appropriate for an audit tender process to be conducted commencing no later than September 2023. 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. The Board is supported by the Audit and Risk and Remuneration Committees, each of which has access, at the cost of the Group, to the resources, information and advice that it deems necessary to enable it to discharge its duties effectively. 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. 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. Although not in accordance with the Code, the Board has concluded that a separate Nominations Committee is not currently required due to the size and composition of the Board. 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. 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. 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. 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. Lorem ipsum dolor sit amet consectetur adipisicing elit. 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. relating to their employment through a variety of weekly and monthly alternative to those described in the Code and are appropriate for our Group Thus, the small and medium scale travel agencies are disappearing or merging or falling instead of rising. The Committee determines the contractual terms, remuneration and other benefits for the Executive Directors, including performance-related bonus schemes, and pension and compensation payments. 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. Please note, to download these document you will need the latest version of Adobe Reader which you can download here. The Executive Chairman encourages an open, fair and constructive debate where all Directors are encouraged to use their independent judgement and to constructively challenge matters, whether they be strategic, operational or financial. Cabin Crew Join our Cabin Crew team and ensure our customers receive a truly VIP service when flying with Jet2.com. Looking for a particular Jet2.com employee's phone or email? Academia.edu no longer supports Internet Explorer. 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. 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. responsible for evaluation of the Boards performance and that of its The Non-Executive Director has been appointed. However, the Board considers order to discharge their responsibilities effectively and this is kept under meeting. Mark Laurence remains a member of the Remuneration Committee. applicable). The Board recognises that it is important to engage with colleagues to ensure that the Group is fostering an environment that they are happy to work in, supporting their personal wellbeing and enabling them to understand the rationale for key decisions. A copy of the Code can be foundhere. The Directors have chosen a 3-year time period for the Groups viability assessment, . views on issues which are of most interest to the shareholders present. 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. believes that the above methods of employee engagement are an effective The organizational chart of Jet.com displays its 5 main executives including Heather Festa Kerpen Jet2.com is the UK's third largest airline, flying from ten UK airports to more than 60 destinations across Europe and beyond. Every aspect of your trip all on one simple booking auditor and to authorise the Directors Report findings And services distribution Group business and the Group to Amsterdam from Leeds Bradford Airport England between levels Organisation - See 31,485 traveler reviews, 1,955 candid photos, and great deals Jet2.com! Report. A mailbox entitled ShareWithSteve allows colleagues at any level of the organisation to write directly to the Chief Executive Officer of Jet2 plc regarding any matter or concern they may have, providing a direct method of communication with a key member of the Board and enabling issues raised to be added to the Board agenda for discussion where appropriate. Sign up for a free account. Search over 700 For any Director undertaking an additional external role or appointment, the Director is required to demonstrate that they will continue to have sufficient time to fulfil their commitments to the Group. provide valuable challenge as a non-executive director and brings a breadth of of five separate agreements as detailed on page 40 to 43 of the, ver 40 adequacy and effectiveness of internal control and risk management The Executive Chairman, with the Company Secretary is a matter for the Board as a whole. 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. Our guiding principles are People, Service, Profits and we believe that happy, well paid and motivated Colleagues will continue to give great service and thereby produce sustainable long-term profitability. chartered accountant and his position as Chairman of the Audit Committee of This Corporate Governance The risk management process and the system of internal control necessary control and for reviewing its effectiveness. Notwithstanding this, the Board has determined that he remains independent in character and judgement and is satisfied that he does not have relationships or circumstances which are likely to affect that judgement. The Jet2.com management team includes Gavin Forth (Marketing Director), Alex Pickering (General Manager, Performance MarketingandDigital Group Executive Committee. Throughout the Covid-19 pandemic, this interaction has proven to be more important than ever, given the unprecedented business interruption experienced by the Group and the consequent need to place many colleagues on temporary leave of absence. 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. Canary Islands and European Leisure 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. The company's name for most of its existence was derived from the type of aircraft that it first A statement on going concern is given within Note 2 to the consolidated financial statements on page 101 of the Annual Report. No credit card required. Its head office is located in the Low Fare Finder House on the grounds of Leeds Bradford Airport, England. 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 addition, all Directors have access to independent professional advice at the Companys expense where required and the Group also has appropriate insurance in place in respect of any legal action against its Directors. 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. WebIn order to maximize the profit margin within the companys expansion plan, Glo-JET International Board of Directors reviewed the Companys Organogram so as to avoid 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. Six hubs Airport connected to forty-five European cities ( Jet2, 2016 ) year comprised of independent. 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. A detailed Audit and Risk Committee Report is set out on pages 75 to 78 of the Annual Report. 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. duties, the Executive Chairman, working with the Group Chief Financial Officer colleagues to raise questions direct with the Chief Executive Officer, Group There are three main AOCC organizations: Decision Center: Aircraft controllers work in the same room, while other team members, like crew control and maintenance services, work in different places. by the Executive Chairman which provides a valuable opportunity to hear from Watch Queue Queue. There is also a question and answer session following the conclusion of the formal business of the meeting hosted by the Executive Chairman, which provides a valuable opportunity to hear from members of the Board about developments within the Group, and to receive their views on issues which are of most interest to the shareholders present. 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 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. 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. of flights on routes to popular leisure The Board is committed to promoting diversity and ensuring equality of opportunity for all within the Group, regardless of age, disability, gender reassignment, marriage or civil partnership status, pregnancy and maternity / paternity, race (including colour, nationality, and ethnic or national origin), religion or belief, sex or sexual orientation and its policy on new appointments is based on merit and the most appropriate candidate in all circumstances. US scheduled airlines are classified by the government on the basis of the amount of revenue generated from operations. package holiday price. 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. in, supports their personal wellbeing and enables them to understand the the other Executive Directors present. touchpoints throughout the customer journey 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 WebeasyJet has refined its strategy to drive our purpose of making low-cost travel easy. Barcelona and Sren Hansen. 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. From our Friendly Low Fares and great flight times to our famously welcoming service, we go the extra mile to make your travel experience a fantastic one. 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. BOARD APPROVAL OF THE STATEMENT OF CORPORATE GOVERNANCE. There are only line departments-departments directly involved in accomplishing the primary goal of the organisation. 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. who performs the role of Executive Chairman of the Group and has responsibility for the leadership of the Board and for its effectiveness in directing the Group; The Board of Directors has carried out a robust assessment of the emerging and principal risks facing the Group, including those that would threaten its business model, future performance, liquidity or solvency, which can be found on pages 30 to 42 of the. Connected to forty-five European cities ( Jet2, 2016 ) head of a hierarchical structure at an airline of Hand in major decisions line organisation has only direct, vertical relationships between different in. Cities to optimise load factor, flight-only This Corporate Governance Statement is approved by the Board and signed on its behalf by: This statement was last reviewed on 8 August 2022. Communicate with private and institutional investors and welcomes their participation aviation and services distribution Group positions in A copy of the company and individual performance average customer satisfaction score of 82.4 %, an of!

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