who are the stakeholders of easyjet

1.Introduction ACKNOWLEDGEMENT vi Practical Legal Skills R. Hyams, S. Campbell. In 2006, the airline did not always refund tickets in a timely fashion. Airline Some examples of key stakeholders are creditors directors employees government (and its agencies) owners (shareholders) suppliers unions and the community from which the business draws its resources. Low-cost carrier, WHO ARE YOUR STAKEHOLDERS? This gives a load factor of 92.6%. Britain S0263-2373 (98)00059-0 0263-2373/99 $19.00 0.00 Case Study easyJet's $500 Million Gamble DON SULL London Business School and Commentators Constantinos Markides Walter Kuemmerle Luis Cabral. Easyjet. Brief She added that the A321neos would help to cut costs by 9 per cent. Stakeholder, principles followed by Easyjet can be emulated and how. 4 How does easyJet affect the environment? Although the main threat in terms of competition for easyJet is the low-cost Irish company named Ryanair. [65], On 27 September 2017, EasyJet announced its partnership with an American start-up company Wright Electric with the purpose of developing and introducing a short-haul 120-seat all-electric airline. [23] Over the course of 2005, FL increased its share in the company periodically to 16.9%,[23] fuelling speculation that it would mount a takeover bid for the UK carrier. 3.1.1 Price List 4 EasyJet goes to shareholders for more cash after rebuffing takeover With the acquisition of GB Airways in 2007, easyJet inherited nine Airbus A320 and six Airbus A321 aircraft. EasyJet These are Flexi Fare, EasyJet Plus and a new frequent traveller loyalty programme called Flight Club. [59], In June 2007, EasyJet announced plans for the construction of its airliner, dubbed EcoJet. The two organisations I will be looking at are Tesco and Macmillan. The other kind is more responsible where profit maximization is subject to ethical restraints, appropriate discharge of the company's social responsibility, and a balanced concern for the needs of all the stakeholders, not just the promoters. Equally, EasyJet strives to maintain the same standard of fundamental human rights in respect of its customers and is committed to the responsibility of the equal treatment of all passengers regardless of their personal characteristics or social status. Butterworths Company Law Handbook K. Walmsley. OPPORTUNITIES Memmingen or "Munich West", which is about 1.5 hours west of Munich to be precise). [17], On 10 September 2021, the company claimed it had rejected a takeover bid from rival Wizz Air. Interviews by Ross Falconer. It has 29 bases across Europe, the largest being Gatwick. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. Marketing [74], In July 2008, the United Kingdom Advertising Standards Authority (ASA) criticised a press campaign by the airline, over a misleading environmental claim that its aircraft released 22% fewer emissions than rival airlines. SWOT analysis of easyJet (A Strategic Analysis) - howandwhat [18] EasyJet initially operated a pair of wet leased Boeing 737-200 aircraft, capable of seating 130 passengers. Key aviation stakeholders discuss COVID-19 impact and recovery [20], In April 1996, the first wholly owned aircraft was delivered to EasyJet, enabling the company's first international route, to Amsterdam, which was operated in direct competition with rival airlines British Airways (BA) and Dutch flag carrier KLM. Its principal activities include airline operations and aircraft trading and leasing. This service offers free allocated seating (including extra legroom), priority check-in, fast-track security, speedy boarding and extra cabin baggage. Groups / individuals that are affected by and/or have an interest in the operations and objectives of the business [111] Internet bookings were priced cheaper than booking by telephone to reflect the reduced call centre costs; as a further means of encouraging the use of the website, aircraft were repainted with the web address. Political factors reflect the political stability of the region where Easyjet is operating. What we do - easyJet plc The airline offers headphones for purchase, along with a travel pillow and eyeshades, subject to stock. EasyJet plans to cut up to 30% of staff as Covid-19 hits demand [42], On 17 August 2020, EasyJet confirmed in a statement they would be closing three bases in the UK. EasyJet undertook intensive research of a United States owned low-cost airline Southwest Airline. Easyjet is a low-cost airline with headquarters in Londons Luton Airport. Previously EasyJet had only operated from Berlin-Schnefeld Airport and Berlin-Tegel Airport, where EasyJet had taken over some of Air Berlin's old services. Stakeholders are individuals who hold a particular interest in a business, they are affected by the activity of the business. First choice brand and increasing customer loyalty. What are various methods available for deploying a Windows application? Modern aircraft fleet with unparalleled network. In the early 2000s McDonalds saw for the first, Premium This ticket offers additional flexibility, including unlimited free date changes within a set period, free route changes, complimentary checked baggage (1x20kg), an increased carry-on baggage allowance, and a 7.50 on-board refreshment voucher. The cookie is used to store the user consent for the cookies in the category "Analytics". This cookie is set by GDPR Cookie Consent plugin. It urged travellers to cut out the travel agent. Table of Contents Easyjet stakeholders. Stakeholder, Stakeholder Expectations In addition there are different levels of stakeholders: primary and secondary. [16] They later closed three of their bases. At the time of the announcement, it was stated that the first flight was scheduled to occur sometime during 2015. Also, its recent vow to become the world's first major airline to operate net-zero carbon flights has been received by stakeholders with much enthusiasm. The vote confirmed a tentative order with the Toulouse plane maker, with Airbus announcing the firm order shortly afterward. Initially they started off with two leased aircraft that only flied from Luton to Edinburgh and Glasgow. Identify the key stakeholders for EasyJet. - essayZeus This cost advantage is created through a combination of factors including: aircraft configuration enabling a higher number of seats per aircraft; higher load factor and aircraft utilisation driven by its point-to-point model; and. DON SULL London Business School and Commentators Constantinos Markides Walter Kuemmerle Luis Cabral. This will secure the flying rights of the 30% of EasyJet's network that remains wholly within and between EU states, excluding the UK. [36], On 28 October 2017, EasyJet announced it would lease 25 former Air Berlin A320 aircraft to operate across EasyJet Europe's network, under its European AOC. Describe the product; you need to cover all the elements (core benefit actual product and augmented product) Nowadays aviation is a big, Premium Solved Explore the key stakeholders of EasyJet and map in | Chegg.com This Case Study details the rapid growth of easyJet which started operations in November 1995 from Londons Luton airport. There is no incentive for travel agents to book flights on the airline because it does not pay commissions, which is an industry-standard practice for low-cost carriers. Introduction EasyJet under fire as flight chaos exposes carrier's operating model. This has also led to a class-action lawsuit against the company which 10,000 of its customers have apparently joined. The authors' study argues that the social . Introduction Strategic management It covers the main destinations of Europe offering around 27 different countries and main cities in, Premium [22][100] Since then, all orders have been from the Airbus A320 family, and the Boeings have been phased out. Germany At the time, EasyJet stated that it intended to introduce electric aircraft into revenue service within 10 years. EasyJet is a well-known low-cost airline which operates in several European countries and has been founded by serial entrepreneur Sir Stelios Haji-Ioannou in 1995. Some 2,208 customers had their . The group, along with associate companies EasyJet UK, EasyJet Europe and EasyJet Switzerland, operates 308 aircraft. [22] In 2002, rival airline Go Fly was purchased for 374 million; the airline inherited three new bases from Go, at Bristol Airport, East Midlands Airport and London Stansted Airport; the acquisition of Go almost doubled the number of Boeing 737-300 aircraft in the EasyJet fleet. Employment All three of the hub's main airlines Wizz Air, Ryanair and easyJet also scrapped flights in and out of the . This is a very healthy figure which might grow within the next years as a result of more and more people flying by budget airlines and positive image of Easyjet. It is corporates, Premium I have found this less to be the case with easyJet, and most of the . What experience do you need to become a teacher? 1. London Southend Airport owner plans to sell up after Covid losses EasyJet shareholders put it on the red list on Thursday morning after the airline announced it had landed itself a post-pandemic war chest, with a plan to raise 1.2bn in a rights issue.This knocked a tenth off its share price on Thursday morning. 1.1 Introduction. Easyjet stakeholders Rating: 7,8/10 1987 reviews EasyJet is a low-cost British airline that was founded in 1995 and has since become one of the largest . They are widely known with their, Premium To achieve this, the EcoJet was described as using propfan engines, as well as being constructed with extensive use of carbon fibre composite material. London Gatwick Airport [7] EasyJet plc is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. Interrelationships - The world of travel & Tourism Employment, Stakeholder 1: Owner as they have the biggest say on the company and its decision. [66][67], Since November 2019, easyJet has offset the carbon emissions from all of its flights using carbon offsetting projects that meet either the Gold Standard or Verified Carbon Standard (VCS) accreditation. They also offer other advantages to business passengers as for example: boarding the plane among the first, going through fast-track . 3.5.3 Customer support service 10 Its main strength resides in the fact that it flies to more primary airports on the top 100 European routes than any other carrier. The development prospects of low-cost airline like easyjet are promising the company is exploring in the dark becoming a good business success stories, Premium Political and Legal impacts 5 Easyjet Plc PESTEL analysis is a strategic tool to analyze the macro environment of the organization. 5 Recommendations Guided by analysis of survey results, the report offers some key recommendations on areas for future work: Develop capacity-building and learning activities to support meaningful and inclusive stakeholder engagement, especially online engagement. There is two different types of stake holders these are internal and external. Airline They can consist of e-tickets, online booking and travel services. Its pilot training scheme was the subject of another ITV television series, easyJet: Inside the Cockpit, which premiered in August 2017. Project management, Steps in Identifying Stakeholders Table of Content Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor. As of March 2011, EasyJet Holidays has provided holidays and city breaks to all of the airline's routes. [63] In October 2018, EasyJet stated that progress was being made on its electric ambitions and that the partnerships planned to test a nine-seater electric plane as early as 2019. Most businesses have a variety of stakeholder groups which can be broadly categorised as follows: Customers booking flights through the airline's website are provided with quotes for several hotels at their destination. EasyJet hack: 'I've been left in complete limbo' - BBC News easyJet Shareholders Approve 56-Aircraft Airbus A320neo Order Pricing should consider the following legal factors when exploring a new market. Southwest Airlines We will write a custom Essay on EasyJet Company's Strategic Analysis and Marketing specifically for you. The international standard providing guidance on social responsibility, called ISO 26000, defines a stakeholder as an "individual or group that has an interest in any decision or activity of an organization." Stakeholders may include s uppliers, internal staff, members, customers (including shareholders . EasyJets mission statement: to provide our customers with safe good value point-to-point air services. Government grants permission to purchase new Aircrafts. Sociocultural impacts 7 EasyJet the company is a low cost airline looking to undercut traditional carriers that were already known and established in the industry. May / 15 2013. What we do. Stakeholders are individuals (or groups) that can either impact the success and execution or are impacted by a product. Business model, EasyJet is originally discovered by a Greek named Sir Stelios - Loannou in 1995. In fact as we will note again shortly a list of stakeholders that is too long actually may reduce the effectiveness of this important tool by overwhelming decision makers with too much information. Customers - they would want cheap flights that are comfortable and safe. Easyjet Plc PESTEL Analysis - Case48 [102] The company took delivery of the first A321neo on 18 July 2018 at the Farnborough International Airshow. Stakeholder Main Interests, Premium Powerful Essays. Investors - easyJet plc [104], On 19 November 2019 EasyJet ordered an additional 12 A320neo, taking the total neo orders, including the A321neo, to 159. [62] However, there has been few announcements on the project since then. easyJet. Mainstream airports (mostly): One of the main complaints I have about budget airlines in Europe is often they fly out of the most random little airports that are actually miles and miles away from the actual city they claim to be in (e.g. London Gatwick Airport The coating has already been used on US military aircraft and if successful EasyJet would apply the paint to its whole fleet. [37], On 30 March 2020, EasyJet suspended all flights, grounded its entire fleet, and furloughed its crews due to travel restrictions imposed. What is a Stakeholder? | Definition, Strategies, and Overview - ProductPlan younger fleet and advantaged fleet deal reducing ownership and maintenance costs. [72][73], EasyJet has campaigned for the UK to replace air passenger duty (APD) with a new tax that would vary depending on distance travelled and aircraft type. 3.1.5 Credit terms 5 A general meeting was held on 22 May, where shareholders ultimately voted over 99% in favour of the EasyJet board and retaining the Airbus contract. [22] In October 2004, the FL Group, owner of the airlines Icelandair and Sterling, purchased an 8.4% stake in the airline. Low-cost carrier, MATCH TO EVVIRONMENT & DEVELOPMENTS Stakeholder analysis Airline, Haji-loannou has founded the EasyJet Airline Company Limited in 1995. These developments high leveled competitive market and the never-ending demand on faster transportation reduced the plane ticket prices. EasyJet operates 580 routes around all of Europe and 104 between Europe and airports in northern Africa. Being competitive means the ability to withstand the market demand, ability .