In particular, is you find it's one part of the world that will do it and many other parts don't. Particularly if we go back to where this one started, if you look at SAF, two and a half times and more, the cost of A1 jet fuel. Because I guess our opinion, very similar, I would imagine to many others, is there's no silver bullet for this one, there is no obvious single subject that will provide a solution, and it's going to be the combination and the sum of many different parts, many of which will be small, some of them will give us some decent sized steps. Etihad appears to be in the market for a new airline CEO, as reports suggest current boss Tony Douglas is leaving the airline. Now, in terms of the HOPE side of it, I think, back to network planning, something everybody in aviation realises is at the absolute heart of how we think through our operation. I mean, you've been very active in the area of SAF, for example, just talk around a bit about what you've done and how you anticipate the volume of SAF being able to increase over this coming decade. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you. Unfortunately we do have to conclude too, but Tony, thanks very much for being with us today. In 2014, Etihad bought 49 percent of. Etihad has already said it would no longer financially support Air Berlin and Italy's Alitalia, two of its prized investments. or He is one of the richest and influential businessmen in United Kingdom. Of course in 2020, a whole long list of things, even though we had our best first quarter ever, but then culminating with the pandemic, and since that of course, there has been a complete collapse internationally within air travel and obviously the passenger numbers that correspond to that. PH: Right, and on the demand side, Tony, it's obviously very early days and it's very dependent on markets, but we're going into the business season, as leisure and holidays are over pretty much in the northern hemisphere anyway, are you getting any inklings of what the corporate demand might be like? He serves as the CEO of Riyadh Air, a Saudi Public Investment Fund subsidiary. I'll perhaps come back to that if I may, in a moment. "Tony has led Etihad through some of its most challenging times and has successfully turned the airline into a profitable and sustainable business over the past five years," Etihad Chairman Mohammed Ali Al Shorafa said in the statement. Learn how your comment data is processed. There does seem to be an asynchrony between the expectations of the industry and the capabilities of the industry. To put it into contrast, 2019, we handled over 70-million passengers with Etihad. Douglas will join the company in January 2018. There will be an end to COVID. Abu Dhabi's Etihad Aviation Group has appointed Antonoaldo Neves as its new CEO, it said on Wednesday. Etihad Aviation Group named Antonoaldo Nevesits as its new CEO today after confirming the departure of Tony Douglas, who is understood to be taking the helm at a new airline in Saudi Arabia. [1/2]A visitor walks past the Etihad Aviation Group logo on display during the fifth day of Dubai Air Show in Dubai, United Arab Emirates November 21, 2019. Etihad Airways, the national airline of the UAE, expects to make profit at the end of its turnaround plan in 2023, its chief commercial officer said. Exxon Mobil Corp is not giving up on oil exploration in Brazil, the company's country chief Alberto Ferrin said on Monday during the Offshore Technology Conference (OTC) in Houston. DUBAI, Oct 19 (Reuters) - Abu Dhabi state carrier Etihad's parent company has appointed Antonoaldo Neves as its new chief executive officer, replacing Tony Douglas, after the emirate's. Tony Douglas, Group Chief Executive Officer, Etihad Aviation Group, said: "As we say goodbye to 2020, I wanted to start the new year by demonstrating my own . Any changes made can be done at any time and will become effective at the end of the trial period, allowing you to retain full access for 4 weeks, even if you downgrade or cancel. Interview with Etihad Group CEO Tony Douglas. See here for a complete list of exchanges and delays. July for us was our best month in about the last year and a half, so that average load factor, the 25% I mentioned before, was up to just over 40% in July. Sign up for notifications from Insider! There's a call out for regulators and governments, because there is a lot of dialogue around using as stick, ie, more punitive measures around taxation and penalties. We've been working with Boeing, with GE, with Safran, even NASA. TD: I guess the answer I'm about to give, there's going to be many people listening to this thinking, "He would say this wouldn't he," type of thing. . Tony has led Etihad through some of its most challenging times and has successfully turned the airline into a profitable and sustainable business over the past five years as part of its initial transformation programme, Mohammed Ali Al Shorafa, chairman of Etihad Aviation Group, said. ", - Cargo: "If it hadn't had been for the significant increase in cargo, there's no way we would have maintained the same network and frequencies that we have been doing", - Revenue management: "Revenue management used to be a heavy degree of science and a sprinkle of art. as well as other partner offers and accept our, NOW WATCH: 7 code phrases airline pilots use all the time and what they mean, Etihad is also embroiled in a long-running dispute with American, Delta, and United airlines. PH: Tony, you're predominantly a hub carrier, I presume that's still the case. The CEO of Qatar Airways has said he is very excited by the growth of Saudi Arabias aviation industry, despite the prospect of tougher competition as regional airline capacity increases. Tony Douglas is a British businessman. With a core operating profit of $296 milliondespite an almost 60% increase in fuel costs, in comparison to the same period last year," Douglas says, attributing the "incredible achievement," to the hard work and commitment of the "Etihad family.". Also learn about how he is rich at the age of 49 years old? Tony Douglas (businessman) is a British businessman. "we were the first airline in the world to be fully . Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. All Rights Reserved. Sustainability is indeed the other legacy that Tony Douglas leaves behind at Etihad. Etihad was the first airline and is still the only airline that has 100% PCR or positive testing in place at the point of origin and arrival here in Abu Dhabi. He is also writing for Airliner World and Aviation News. The agility is something that you will see us maintain going forward. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. Live from Hong Kong, bringing you the most important global business and breaking markets news information as it happens. Neves was announced as group CEO while Douglas will serve during his transition period as an advisor to the board of ADQ Aviation and Aerospace Services Company. Sadly, however, my crystal ball can't predict when that's going to happen, but the sustainability agenda, I think for commercial aviation is here forever and in many ways is a far bigger intellectual challenge for all of us. Etihad has been involved in the HOPE Consortium, so we are the logistics partner of the HOPE Consortium, which is a group of organisations dedicated to being able to get vaccines to places that have more challenges. I think as we come out of the pandemic, of course the big routes will continue to be dominant, in our opinion, I think the hub status of Abu Dhabi, the UAE in general, given the fact that we're six flying hours from two-thirds of the world's population, will continue to be a very significant part of our operating model. To put it into context, we've already had over 3,000 members of the Etihad family on their third booster. I recall many years ago when I was involved with the BAA and Heathrow, back in the day, how noise was actually incentivised in both a carrot and a stick way, i.e, if you were operating a lower noise-emitting new generation aircraft, your fees reflected a benefit, and ditto, if you were maintaining far noisy older generation aircraft, you had a corresponding penalty on rates. it has hired former Etihad CEO Tony Douglas to . PH: That's very succinctly put, I like that, a nice conclusion to it. For example, today you can go on to Etihad.com and if you want to book a charter, or request a 24 hour response, as a formal quotation for a charter, you can go online, book in your point of origin, your point of destination, the number of people that leave with you, and we'll give you a quote. They were optimised, of course, for shorter haul, propeller-powered flight. This site uses cookies to provide a better user experience. We're doing this for our own personal wellness, for our family and loved ones, for the people that we serve. The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user. Quite frankly, and I think I speak on behalf of the whole of the Etihad family, can't comprehend why anybody would see this as being controversial. Tony Douglas wiki profile will be updated soon as we collect Tony Douglas (businessman)s Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible. Copyright 2023. Discover Tony Douglas (businessman)s Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Today we find it's a heavy degree of art and a little bit of science. Douglas' decision to quit the ministry, two years after being appointed by then Prime Minister David Cameron to overhaul the running of Europe's largest defense procurement budget, was unexpected. Because again, let's face it, if you, were bringing your family and loved ones on a week's vacation here in the beautiful Gulf, particularly at this time of year the weather starts getting fantastic, you would do so knowing that there is no risk, material risk to you, or the group that you're with. He previously served as chief executive of Abu Dhabi Airports Company (20132015), and as chief executive of Defence Equipment and Support department in the United Kingdoms Ministry of Defence (20152017). We recommend you to check the complete list of Famous businessman. He previously served as chief executive of Abu Dhabi Airports Company (2013-2015), and as chief executive of Defence Equipment and Support department in the United Kingdom's Ministry of Defence (2015-2017). On Tuesday it said Abu Dhabi's government has transferred ownership of Etihad Aviation Group to ADQ as part of its efforts to "transform Abu Dhabi into a global aviation hub". his net worth has been growing significantly in 2021-2022. I think what that probably signals to everybody is the absolute latent demand. He has been the CEO of Etihad Airways since January 2018. with lot of social media fan he often posts many personal photos and videos to interact with her huge fan base social media plateform. We're absolutely single-minded on the fact that this is an essential part of the solution and definitely not a component of the problem.". He inherited an airline with a core loss of $-1.6 billion. Those are the sorts of things Etihad would never have thought about pre-pandemic. Economic Development Research Organization. Tony Douglas Sector: Aviation Company: Etihad Aviation Group Designation: Group CEO Nationality: British Residence: U.A.E In January 2021, Douglas was amongst the first in his company to be vaccinated from COVID-19 as part of the firm's "Protected Together" employee immunization initiative. Douglas replaces veteran Australian CEO James Hogan, who developed Etihad into an aggressive rival to Dubai's Emirates and Qatar Airways over a 10-year period. One is the Etihad Greenliner programme, which is a dedicated aircraft, it's a 787 and we operate with a wide number of partners, to use it essentially as a flying test-bed to maximise the performance in-flight and therefore the reduction of emissions, but there are many other initiatives that correspond to improving the overall sustainable performance of commercial aviation. That probably leads us into why we thought Etihad Wellness was so important when we originally introduced it in the middle of last year. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for 65 per month. An Etihad Airbus A380 . Billions of dirhams or dollars were flowing into alliances with Air Berlin, in which it bought a 29.2 percent stake in 2011. I'd like to think that as momentum builds, and perhaps comprehension develops, around the sustainable challenge being something that's an international call out to governments, regulators, airlines, manufacturers and the industry at large, that tax might be a small part of the solution, but actually incentivisation is far more important on the other side of the equation. ", Watch the full interview with Etihad Group CEO Tony Douglas here: Interview with Etihad Group CEO Tony Douglas. Ray Gammell, who has served as interim group CEO since May will return to his position as Group Chief People & Performance Officer, Etihad said. I honestly believe Abu Dhabi has been one of the best led places in the world in dealing with this pandemic. Arabian Business reported that RIA is also trying to lure away two other Etihad executives. We use cookies to optimize our website and our service. He inherited Hogans transformation plan, of which the core was to get rid of its strategic investments in other airlines and fully focus on a leaner and more efficient Etihad instead. Sign up for our Middle East newsletter and follow us @middleeast fornews on the region. Douglas - who has been in charge of the UAE national carrier since 2018 - could take the helm later this year. Tony Douglas's salary per month with other career earnings is over $1 million dollars annually. Some of that's around the use of smarter technology, so machine learning, artificial intelligence. He has also held senior positions with airport operator BAA, and as Chief Operating Officer and Group Chief Executive designate of Laing ORourke. 2023 AGBI, part of Link Media Corporation Ltd. He inherited an airline with a core loss of $-1.6 billion. By Anil Bhoyrul and Matthew Amlot Thu 8 Sep 2022. Etihad scaled back its ambitions after it spent billions of dollars to ultimately unsuccessfully compete in building a major airport hub in United Arab Emirates capital Abu Dhabi. Tony Douglas, Etihad's chief executive officer, told Insider at the Dubai Airshow in November that airlines will soon compete on environmental performance, and those that aren't making. "He will need to be focused on the restructure of the airline as it divests of some of its significant equity stakes and reviews its network and moderates its growth ambitions.". This trend has continued in 2022, with Douglas happily reporting that Etihad recordeda $296 million profit and was performing well on all fronts. My mistake! Over in India, the early morning service to Delhi may see an A350, but it's much more likely to be operated by a 787-9 or -10. I think the agility that I've just described is something that you will see us maintain going forward. How we work with traffic controllers and regulators, to be able to get controlled climbs and continuous descent happen. In terms of sustainability, Douglas. PIF is reportedly investing $30 billion in the new airline, which is expected to launch modestly with a narrowbody fleet and regional operations. He left in 2015 to take on the role with the British government and will return to Abu Dhabi with the opening of that terminal now delayed until 2019. Etihad Airways' Strategic Advisor and former Group CEO for the last five years, Tony Douglas, has worked in the aviation industry for over three decades. Last week we saw British Airways basically establishing a new low-cost carrier out of Gatwick, because they say the market has changed, we're not wasting a good crisis. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. As part of Etihad Wellness, the airline introduced the Covid-19 global wellness insurance for all its guests Stay up to date with what you want to know. A day later on October 19, ADQ appointed Antonoaldo Neves as the airlines new CEO, joining Etihad with a history as CEO and Board Member of TAP Portugal and Azul Airlines before that. Etihad is a UAE company which uses the UAE currency (Dirhams AED). articles a month for anyone to read, even non-subscribers. Tony Douglas (businessman), better known by her family name Tony Douglas (businessman), is a popular British businessman. At the end of 2019 I remember almost thinking naively what could possibly go wrong?. Etihad is also embroiled in a long-running dispute with American, Delta, and United airlines over its expansion into the US market. Humanity consumes a half-trillion cups of coffee every year, yet coffee production is one of the most antiquated industries within agriculture. Some of the key highlights can be found below.Among other issues, Mr Douglas talked of the importance o: - "Etihad Wellness" in attracting business class sales. It's been holistic and all encompassing and public health, wellbeing has been priority number one by some distance. In January 2021, Douglas was amongst the first in his company to be vaccinated from COVID-19 as part of the firms Protected Together employee immunization initiative. I think what that probably signals to everybody is the absolute latent demand that you and I, all of us, when we're operating in the capacity as being members of the travelling public, can't wait to get back to some degree of normality and the joy of travelling. Etihad parked its entire fleet for three months in the spring, This trend has continued in 2022, with Douglas happily reporting that Etihad recorded, Sustainability is indeed the other legacy that Tony Douglas leaves behind at Etihad. In the first half of this year, 2021, we had a million passengers, so for us, given the fleet that we deployed, that was as of an average, give or take a bit about 25% load factor. As opposed to, you may have chosen elsewhere, the airline might have packed you in, there may have been none of the product and or restrictions the Etihad Wellness presents. Tony Douglas, Group Chief Executive Officer, Etihad Aviation Group. In line with the countrysVision 2030 to boost tourism and traffic, RIA should become a high-quality second national airline besides Saudia, which has been in business since 1945. Whilst I stress that the Etihad brand will continue to be one that differentiates around the quality of its service and in particular the way in which its Wellness proposition will give you that sense of assuredness. Please get your facts right! Doing all of that, expecting that over time, as vaccine curves get more mature and therefore travel restrictions start to ease, we're best placed to be able to capitalise upon it. Finally, I think there's a call out for regulators and governments, because there is predictably perhaps, a lot of dialogue around using what I would describe as the stick, ie, more punitive measures around taxation and penalties. We asked him about what makes the. His departure leaves a void just as Britain plunges into a war of words with one of its biggest defense equipment suppliers, Boeing, over a trade row that could affect aerospace jobs in Northern Ireland. Its almost a daily dynamic activity right now. Thanks to our transformation program, Etihad is emerging from the pandemic stronger than ever, with a world-class fleet, an unmatched customer proposition, and sustainability woven into every fiber of our business.. offers FT membership to read for free. analyse how our Sites are used. Copyright 2023 | WordPress Theme by MH Themes, Sean Collins (ice hockey defenseman) Wiki, Biography, Age, Family, NetWorth & Know More, Tony Douglas (businessman) Net Worth in 2021. Saudi Arabia's new global airline RIA has approached Etihad's Tony Douglas to be its new CEO, Arabian Business understands. It's clearly part of a solution to a terrible pandemic and it's also part of the way of breaking the cycle, by giving the people the confidence on the way in which they're served when they're onboard, when they're with Etihad, introduces no risk to their personal wellbeing. Former boss of Portuguese airline TAP named Etihad Aviation Group CEO after ADQ transfer Antonoaldo Neves succeeds Tony Douglas, who has decided to pursue an opportunity elsewhere Etihad reported a record first-half profit as demand for long-haul travel recovered with the easing of Covid-19 restrictions. Saudi Arabia's wealth fund has named former Etihad Aviation Group boss Tony Douglas chief executive officer of a new national airline, as the country looks to boost tourism and diversify the. Now, under that umbrella, and really the Greenliner is more of a persona, because we're using it as a call out to SMEs, to universities, quite frankly, to anybody out there who's got a genius idea, to be able to bring it into an environment where it can be put to test. What we've tried to do is capitalise on the old clich of never waste a good crisis. The industry leader for online information for tax, accounting and finance professionals. Neves was CEO and a board member of TAP, Portugal's national carrier, from July 2017 to September 2020, according to his LinkedIn. 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Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. He is a board member of Abu Dhabi Airports and holds an MBA from the University of Lancaster, U.K. 2023 Forbes Middle East. Please only use it for a guidance and Etihad Airways's actual income may vary a lot from the dollar amount shown above. Saudi Arabia's Public Investment Fund (PIF . You seem to have JavaScript disabled in your browser. also know about his Social media accounts i.e. Beginning his career as a civil engineer, Antonoaldo holds a Master of Business Administration degree from the University of Virginia's Darden School of Business and a Master's Degree in Corporate Finance from the IAG Business School at PUC-Rio. There's no history that's relevant to today is there? See here for a complete list of exchanges and delays. Saudi Arabias wealth fund has named former Etihad Aviation Group boss Tony Douglas chief executive officer of a new national airline, as the country looks to boost tourism and diversify the economy from oil. In December 2020, the Abu Dhabi state fund that had owned the airline group since day 1, sold Etihad Engineering, Etihad Airport Services Cargo, Etihad Airport Services Ground, Etihad Aviation Training, Etihad Secure Logistics, and Etihad Technical Training to ADQ, an Abu Dhabi based investment fund and holding company. I think we're still number one in the world in terms of vaccination per capita and it reveals itself in the way in which, for all intents and purposes, we're pretty much back to absolutely a normal, but nonetheless controlled from a health point of view, lifestyle. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. I think there's probably an important balance here to look at the carrot side of it. In 2014, Etihad bought 49 percent ofAlitalia for $1.92 billion, but as losses continued, Hogan said in 2017 he had enough. Sustainable aviation fuels are in excess of two and a half times more expensive than conventional aviation fuels at the moment. It's still very difficult. TD: Yeah, I think, revenue management used to be a heavy degree of science and a sprinkle of art. Douglas previously served as chief executive of Abu Dhabi Airports Company from 2013 to 2015. The whole thing is coordinated in a very, very easy to operate fashion, using smart apps on people's phones, which corresponds to their vaccination and or PCR status. (Etihad). It began a five-year turnaround plan in 2017 after a strategy of buying stakes in other airlines collapsed, contributing to billions of dollars in losses. In 2019, Etihad introduced the Boeing 787-9 Greenliner (left in the main picture with Boeings Stan Deal at the 2019 Dubai Airshow), and this year the Airbus A350-1000 Sustainability50, which have tested numerous initiatives to. It was a plan that we concluded just over two years ago and today we're operational with Air Arabia Abu Dhabi and that's a critical component for us operating here on narrowbody, within the GCC and into Eastern Europe and the Indian subcontinent. Tony Douglas steps down as CEO of Saudi RIA after just 2 months Etihad's former CEO and the CEO of Saudi Arabia's new $30 billion national Airline RIA, Tony Douglas, has reportedly left office after just two months in his new role. Some of the demonstration flights we've done from here, from Abu Dhabi into Amsterdam and from here, from Abu Dhabi into Brooklyn, we've been able to take at least 40 minutes out of the flight time and reduce the CO2 content by around six tonnes, which when you think about it is incredible, when we're just looking at optimising the way in which we fly. The airline recently became the first to join the Aviation Impact Accelerator (AIA), an international group of practitioners and academics convened by the University of Cambridge in the UK. At the gala event in New York last night, Tony Douglas, Etihad Airways Group Chief Executive Officer, . Airbus A380 in Etihad livery. The airline group is also looking for a new chief financial officer. Here we are updating just estimated networth of Tony Douglas (businessman) salary, income and assets. You referred to British Airways a little bit earlier, you may be aware we established Air Arabia Abu Dhabi as our low cost carrier here. I am confident that Etihad will prosper into new heights and continue its journey of sustainable growth.. Richard has been contributing to AirInsight since December 2018. Douglas slashed $21.4 billion in aircraft orders, including those for forty Airbus A350-900s. CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets. In 2017, the German low-cost airline went bust. March 13, 2023 . Of course, that's a function of lots of people being prepared to take the benefit of extra space in order to give them the sense of wellness and perhaps don't feel as comfortable maybe in some of the lower cost operating environments in the past, where everybody's got a very tight seat pitch, crammed in together and so on and so forth. The announcement on October 19 that Tony Douglas will step down as CEO ofEtihad Airways and take on a consultancy role instead, is the strongest indication yet that Douglas will exit the Abu Dhabi carrier for good soon. The only reason why I tease this one out is, I think to date within this particular subject matter, there's probably been more dialogue with governments and regulators around the threat of the stick, as opposed to being, I believe more balanced around the constructive side of the carrot, ie, how we incentivise.
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