International Consolidated Airlines Essay 2022
Added on 2022-10-11
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Running Head: International Consolidated Airlines
International Consolidated
Airlines PLC
Essay
System04104
8/4/2019
International Consolidated
Airlines PLC
Essay
System04104
8/4/2019
International Consolidated Airlines
1
International Consolidated Airlines
International Consolidated Airlines Group is an Anglo-Spanish multinational airline
company, which is often referred as IAG. The company was founded in 2011, after the
merger of British Airways and Iberia, the airways company of UK and Spain respectively
(British Airways, 2017). The registered office of the company is in Madrid and Spain and its
operational Headquarter based in London. The Chairman of the company is Antonio Vazquez
Romero and its current CEO is Willie Walsh (IAG, 2019). Both these companies ceased to be
independent companies and instead became 100% owned subsidiaries of IAG. The company
is operating its airways operations in different countries and it is the sixth largest airline
companies in the world. The annual revenue of the company was £22.972 billion in 2017
(IAG, 2019). The International Consolidated Airlines Group has 568 aircrafts including
Boeing 777-2000, Boeing 787-800, Airbus A340-600, Airbus 319, and Airbus A318 (IAG,
2019). The company operates its business over 268 destinations. The British Airways and
Iberia Airlines signed an agreement of merger in November 2009. In April 2010, both the
companies signed a full merger agreement. However, the company start its operation in 2011
after regulatory approvals. The company is often shortened as IAG (International Airline
Group) and it is a public limited company. The IAG group is providing services such as
Airline services, Airfreight services, and Passenger air transport services. There are so many
subsidiaries of this group such as Aer Lingus, British Airways, Iberia, LEVEL, and Vueling
etc. (IAG, 2019).
Organisational Structure of the International
Consolidated Airlines
The organisation structure of any organisation determines the manners through which a
company is trying to achieve its objectives and increase its profitability at maximum level
(Morrison, 2011). In other words, it can be said that organisational structure shows the roles
and responsibilities of every member of the organisation from top to bottom and their
required contribution in the achievement of organisational objectives. The figure (1) shows
the organisational structure of the International Consolidated Airlines Group (IAG).
The International Consolidate Airlines Group has five more subsidiaries like British Airways,
Iberia, Vueling, Aer Lingus etc. The IAG organisational structure chart shows that the whole
organisation is governed by the IAG board members. The company has 12 members in its
1
International Consolidated Airlines
International Consolidated Airlines Group is an Anglo-Spanish multinational airline
company, which is often referred as IAG. The company was founded in 2011, after the
merger of British Airways and Iberia, the airways company of UK and Spain respectively
(British Airways, 2017). The registered office of the company is in Madrid and Spain and its
operational Headquarter based in London. The Chairman of the company is Antonio Vazquez
Romero and its current CEO is Willie Walsh (IAG, 2019). Both these companies ceased to be
independent companies and instead became 100% owned subsidiaries of IAG. The company
is operating its airways operations in different countries and it is the sixth largest airline
companies in the world. The annual revenue of the company was £22.972 billion in 2017
(IAG, 2019). The International Consolidated Airlines Group has 568 aircrafts including
Boeing 777-2000, Boeing 787-800, Airbus A340-600, Airbus 319, and Airbus A318 (IAG,
2019). The company operates its business over 268 destinations. The British Airways and
Iberia Airlines signed an agreement of merger in November 2009. In April 2010, both the
companies signed a full merger agreement. However, the company start its operation in 2011
after regulatory approvals. The company is often shortened as IAG (International Airline
Group) and it is a public limited company. The IAG group is providing services such as
Airline services, Airfreight services, and Passenger air transport services. There are so many
subsidiaries of this group such as Aer Lingus, British Airways, Iberia, LEVEL, and Vueling
etc. (IAG, 2019).
Organisational Structure of the International
Consolidated Airlines
The organisation structure of any organisation determines the manners through which a
company is trying to achieve its objectives and increase its profitability at maximum level
(Morrison, 2011). In other words, it can be said that organisational structure shows the roles
and responsibilities of every member of the organisation from top to bottom and their
required contribution in the achievement of organisational objectives. The figure (1) shows
the organisational structure of the International Consolidated Airlines Group (IAG).
The International Consolidate Airlines Group has five more subsidiaries like British Airways,
Iberia, Vueling, Aer Lingus etc. The IAG organisational structure chart shows that the whole
organisation is governed by the IAG board members. The company has 12 members in its
International Consolidated Airlines
2
board. The Chairman of the board is Antonio Vazquez. Apart from this, there are two chief
executives Willie Walsh (Chief Executive Officer) and Steve Gunning (Chief Financial
Officer). Apart from these three, there are 9 non-executive members in the boards. Under
these board members, there are four committees who govern the overall work of the
organisation. These committees are Audit and Compliance Committee, Nominations
Committee, Remuneration Committee, and Safety committee (Barbot and D'Alfonso, 2014).
Fig.1 (Source: Eaton, 2017)
The audit and compliance committee receives the report from different departments of the
organisation and care about the organisational performance and work. This committee is also
responsible to take care about different issues and problems of the organisation and ask the
report with the related department of the organisation. The overall objective of this group is
to ensure that every act in the organisation will be performed in right ways and if any
correction is needed then the committee suggest the better ideas to the board of members to
bring change in the organisation. The second committee is called Nomination committee.
This committee acts as part of the IAG’s corporate governance. The Nomination committee
evaluate the role of every board of members and their respective organisations. This
2
board. The Chairman of the board is Antonio Vazquez. Apart from this, there are two chief
executives Willie Walsh (Chief Executive Officer) and Steve Gunning (Chief Financial
Officer). Apart from these three, there are 9 non-executive members in the boards. Under
these board members, there are four committees who govern the overall work of the
organisation. These committees are Audit and Compliance Committee, Nominations
Committee, Remuneration Committee, and Safety committee (Barbot and D'Alfonso, 2014).
Fig.1 (Source: Eaton, 2017)
The audit and compliance committee receives the report from different departments of the
organisation and care about the organisational performance and work. This committee is also
responsible to take care about different issues and problems of the organisation and ask the
report with the related department of the organisation. The overall objective of this group is
to ensure that every act in the organisation will be performed in right ways and if any
correction is needed then the committee suggest the better ideas to the board of members to
bring change in the organisation. The second committee is called Nomination committee.
This committee acts as part of the IAG’s corporate governance. The Nomination committee
evaluate the role of every board of members and their respective organisations. This
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