Expressed quite simply, 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. The transformation was much needed to make Etihad profitable. Thomas Pallini. The unprecedented challenges stemming from macro-economic conditions faced by the industry were successfully navigated through prudent measures undertaken to position Etihad on a sustainable path for the future., Etihad Chairman Mohammed Ali Al Shorafa thanked Douglas for his efforts: 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 program. Im excited to embark on this new role and build on the solid foundation left by Tony and the management team. 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. And who would qualify better for the job than Douglas? At the end of 2019 I remember almost thinking naively what could possibly go wrong?. New Saudi Arabia Airline RIA eyes Etihad's Tony Douglas as CEO: report PH: That's very succinctly put, I like that, a nice conclusion to it. Abu Dhabi has recruited Britain's top defense buyer to run troubled Etihad Airways which is rethinking an aggressive expansion strategy that led it to huge losses last year. articles a month for anyone to read, even non-subscribers. 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. 2023 AGBI, part of Link Media Corporation Ltd. personalising content and ads, providing social media features and to Live from Hong Kong, bringing you the most important global business and breaking markets news information as it happens. The technical storage or access that is used exclusively for statistical purposes. 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. he is one of famous businessman with the age years old group. The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network. . TD: Well, we've taken a holistic strategy to what we think is the biggest challenge in aviation and therefore probably the most complex subject to resolve, of which SAF may or may not prove over time to be one of the components. Etihad Wellness as a product has eliminated many of the touch points inside the aircraft. 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.. Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting. The IMF reached a staff-level agreement with Lebanon in April 2022 for a $3 billion loan programme to tackle its financial crisis. Or I'll confess, I'll probably die of a heart attack before we get to JFK, simply because of the anxiety that will probably place me under, the stress that will come from it. Its almost a daily dynamic activity right now. The new airline is expected to appoint Briton Tony Douglas as its chief executive officer. Tony Douglas, Etihad's chief executive told The National earlier this year. Etihad is a UAE company which uses the UAE currency (Dirhams AED). Learn how your comment data is processed. also know about his Social media accounts i.e. Billions of dirhams or dollars were flowing into alliances with Air Berlin, in which it bought a 29.2 percent stake in 2011. Etihad Airways Appoints Antonoaldo Neves New CEO, Replacing Tony Douglas. There does seem to be an asynchrony between the expectations of the industry and the capabilities of the industry. Even here in Australia where Alan Joyce has said, very specifically, all the crew, all the staff need to be vaccinated, it seems strange to me that that would be controversial, because going back to your example of you sitting with me or behind me, or in front of me, I would feel much more comfortable if I know everybody else has been vaccinated, particularly the cabin crew. In Abu Dhabi is every time a country goes onto the green list within the following week our sales goes up anything between three and 600%. Try full digital access and see why over 1 million readers subscribe to the FT, Purchase a Trial subscription for 1 for 4 weeks, You will be billed 65 per month after the trial ends, US says more than 20,000 Russian forces killed in Ukraine since December, The Big Dig: Germany reopens its mines in quest for mineral self-sufficiency, Chinas local governments stuck with bill for neighbourhood surveillance, Moderna co-founder calls on US politicians and judges to stop questioning science, Italy unveils measures to boost flexibility in labour market, JPMorgan to acquire First Republics deposits as US regulators step in, Charlie Munger: US banks are full of bad commercial property loans, Disney uses Ron DeSantiss own words against him in free speech lawsuit, Deutsche Bank plans to beef up investment bank advisory team, How Jamie Dimon swooped on the remains of First Republic, Totals chief tells investors European listing to blame for oil groups trading discount, US live news updates from May 1: JPMorgan to acquire First Republics deposits, Morgan Stanley to cut 3,000 jobs, The difference between First Republic and other recent bank failures, S&P criticised by pension funds over dual-class shares decision, China, America and why not all growth is equal, China could play a crucial role in ending the war in Ukraine, Labour has leverage to carry out private equity tax reform, Why Arsenals struggles show you shouldnt count out Donald Trump, The costs of entrenched high inflation cannot be ignored, Twill of the people: the workwear staple that never gets old, The best new sci-fi: action-packed plots and pure nerdstalgia. PH: I think that's obviously a really good message, and a really good strategy, which you have to be taking. Those are the sorts of things Etihad would never have thought about pre-pandemic. 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 I think is far more important on the other side of the equation. According to reports he has agreed to join RIA which will operate as a second national carrier in Saudi Arabia, backed by the Public Investment Fund (PIF). Douglas, under whose tenure Etihad trimmed its ambitions and started reorganising as a mid-sized carrier focused on point-to-point traffic, said he was proud to have served as chief executive. We're using it as a call out to SMEs, to universities, 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. Last year, the International Air Transport Association pledged carbon neutrality by 2050, which is also a target of the United Arab Emirates and several other countries. There's other big areas within this, around how we work with traffic controllers and regulators, to be able to get wherever possible, controlled climbs and continuous descent happen. 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. We would know that there couldn't possibly be a function of any transmission from the cabin crew or the flight crew, and I think therefore, back to the whole need for a safer, more assured form of travel going forward is really important and something that Etihad has a huge amount of effort into being able to present.. Chairman Mohamed Mubarak Fadhel al-Mazrouei said Douglas was "keenly familiar with Etihads challenges and opportunities in a rapidly changing industry. Hogan's departure was announced in January. 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. Read more: Exclusive: Etihad's Tony Douglas discusses recovery, record profits, and change 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. In particular, is you find it's one part of the world that will do it and many other parts don't. Douglas joined the group in 2018 and has around two decades of experience in transportation, infrastructure, and government sectors. Antony 'Tony' Douglas, 59, has been the CEO of Etihad Airways since 2018. 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. Copyright 2023. Under his leadership, the carrier has pushed hard to get sustainability at the core of everything it does to reduce its footprint, be it reducing plastic waste and carbon emissions. Keep abreast of significant corporate, financial and political developments around the world. The airline group is also looking for a new chief financial officer. In terms of sustainability, Douglas. We had a very strong year of recovery, and I can remember to be honest, at the end of '19, almost thinking naively, what could possibly go wrong? I honestly believe Abu Dhabi has been one of the best led places in the world in dealing with this pandemic. I'll perhaps come back to that if I may, in a moment. Douglas will join the company in January 2018. Of course here in Abu Dhabi, we have like many countries, a green, an amber and a red list, and we've started to see the green list now steadily increase. analyse how our Sites are used. I can honestly tell you it's almost a daily dynamic activity now, and the reason of course for that is because travel restrictions change on a very regular basis in countries all around the world. I think, equally, this will force many operators to have to rethink their business model. For New York JFK, Etihad's two daily services are primarily dominated by the Boeing 787-9. There's a component here around sustainability as well, and that is I believe the one thing I can confidently predict, hold your breath because here it comes, there will be an end to COVID. 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. 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. Some of that's around the use of smarter technology, so machine learning, artificial intelligence. Saudi Arabia's Public Investment Fund (PIF . ($1 = 0.7445 pounds). The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. It's been holistic and all encompassing and public health, wellbeing has been priority number one by some distance. An Etihad Airbus A380 . 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. In 2021, the loss was down to $-476 million, thanks to a very strong second half in which Etihad recovered strongly. Please scroll down to see information about Tony Douglas (businessman) Social media profiles. I think the trick to this is to make sure that one has a blend of propositions that give choice to the marketplace. We're doing this for our own personal wellness, for our family and loved ones, for the people that we serve. By Anil Bhoyrul and Matthew Amlot Thu 8 Sep 2022. Tony Douglas Biography, Age, Height, Wife, Net Worth, Family Compare Standard and Premium Digital here. Neves will replace Tony Douglas, who has decided to pursue an opportunity elsewhere . 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. Douglas, Etihad's CEO since 2018, who ADQ said has decided to pursue another unspecified opportunity, will serve as an adviser to the board of ADQ Aviation and Aerospace Services Company, ADQ said in a statement. All Rights Reserved. Enter Tony Douglas, who succeeded Hogan in January 2018. PH: Tony, you're predominantly a hub carrier, I presume that's still the case. We did it because we fully anticipated that as the pandemic starts to ease there will be of course, a residual anxiety with the travelling community. 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. In line with the countrys, Airbus makes autonomous take-offs a reality, Mitsubishi's SpaceJet more and more on the backburner. If it was from one of the other locations within the region, five minutes after the aircraft takes off, if the person behind where you and I are sitting coughs and splutters, I think the chances of us contracting COVID are extremely remote. Airbus A380 in Etihad livery. The major improvement in 2019 demonstrates were clearly on the right track, he said in the earnings release. He is also writing for Airliner World and Aviation News. Etihad CEO Tony Douglas has agreed to join new Saudi airline RIA, Arabian Business understands from industry sources. on behalf of all of the Etihad family."Group CEO Tony Douglas shares a. As we are entering our next phase of sustainable growth, we are confident that Antonoaldo will build on Tonys legacy. Furthermore, Douglas affirms that sustainability will continue to be a key priority . It's been holistic and all encompassing and public health, wellbeing has been priority number one by some distance. Tony Douglas - Top CEOs In The Middle East - Forbes Lists Etihad parked its entire fleet for three months in the springof 2020 and resumed flying in June with a skeleton network, heavily relying on cargo. 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. September 15, 2021 "we were the first airline in the world to be fully . Net zero must be 'at the very top of the agenda,' says Tony Douglas; Etihad is first airline to join Cambridge's Aviation Impact Accelerator; As Simple Flying reported in September, Tony Douglas left Etihad to lead Saudi Arabian startup RIA, which holds ambitious plans to rival the big three in the Middle East - Emirates, Etihad Airways, and Qatar Airways. Leadership A Message from Group CEO Tony Douglas | Etihad Airways Analysts said it signaled the difficulties of reforming Britain's 16 billion pounds ($21.5 billion) a year defense equipment plan. At the gala event in New York last night, Tony Douglas, Etihad Airways Group Chief Executive Officer, . Sign up for notifications from Insider! Etihad appears to be in the market for a new airline CEO, as reports suggest current boss Tony Douglas is leaving the airline. Douglas will likely face the daunting task of deciding what to do with what remains of Etihad's sprawling investments in foreign airlines Virgin Australia, Air Seychelles, Air Serbia, and India's Jet Airways. Tony Douglas (businessman) - Wikipedia March 13, 2023 . Khaleej Times met with the Etihad CEO, Tony Douglas on board the maiden A350-1000 flight form Abu Dhabi to London Heathrow. Required fields are marked *. Tourism revenue is paramount for the government to reduce the current account deficit to tackle high inflation and interest rates, Daily Sabah newspaper 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. Tony Douglas, Group Chief Executive Officer, Etihad Aviation Group. 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. Here we are updating just estimated networth of Tony Douglas (businessman) salary, income and assets. tony douglas salary etihad Etihad Airways Appoints Antonoaldo Neves New CEO, Replacing Tony I should have known better as a frequent visitor of the UAE. 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. Where do you start? And then came the Covid years. Saudi Arabia's new global airline RIA has approached Etihad's Tony Douglas to be its new CEO, Arabian Business understands. Even pre-pandemic for us at Etihad, it tended to be, every three or four weeks we'd do a big deep dive in terms of any adjustments to our network. Let's kick off with the big picture stuff. To put it into context, we've already had over 3,000 members of the Etihad family on their third booster. Arabian Business reported that RIA is also trying to lure away two other Etihad executives. By February, the companys carrier Etihad Airways completed the vaccination of 100% of its on-board crew. Abu Dhabi airline Etihad gets new CEO after wealth fund ADQ's takeover The example, the fun one that I talked about earlier would be if you and I were travelling today from Abu Dhabi, let's say to New York, from both here at Abu Dhabi, and let's imagine it was one of the other locations within the region. The Big Talk: Etihad Aviation Group CEO, Tony Douglas on recovery Tony Douglas-0929. Douglas, the press release said, has decided to pursue an opportunity elsewhere, and will serve during his transition period as an advisor to the Board of ADQ Aviation and Aerospace Services Company., I am proud to have served as Etihads chief executive officer over the past five years, Douglas is quoted. In 2017, the German low-cost airline went bust. 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. 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. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. There's more energy focused now into alternative fuel types, than frankly I can remember in my 30 years within aviation. EXCLUSIVE: New Saudi Airline RIA seeks Etihad's Tony Douglas as CEO It helps to already be famous to become a social media influencer, but he demonstrates that you need to have a raw or personal touch and engage with your followers if you want to do well on Instagram Facebook, Twiter, Youtube, etc. As were entering our next phase of sustainable growth, we are confident that Antonoaldo will build on Tonys legacy. For cost savings, you can change your plan at any time online in the Settings & Account section. Etihad walked out, having lost hundreds of millions on Alitalia in just four years. 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. It's worth noting that Planespotters.net lists another two 777-300ERs in a VIP configuration, but we've excluded these jets from the count. Tony Douglas, who has also run Abu Dhabi and London Heathrow Airports, will join Etihad as group chief executive in January from Britain's Ministry of Defence, the airline said in a statement on Thursday. Talking at the CAPA Live on 8-Sep-2021, Etihad Group CEO Tony Douglas spoke with CAPA's chairman emeritus Peter Harbison. In his first year 2018, at the helm, Douglas succeeded in cutting the loss to $-1.28 billion. offers FT membership to read for free. "Abu Dhabi first recruited Douglas in 2010 to head its state ports company and he later moved to Abu Dhabi Airports in 2013 to oversee a multi-billion new terminal project by 2017. Wanna follow Etihad Airways's net worth? or All Rights Reserved. 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? With that said, back to focusing on cargo in a very focused fashion, looking at fundamentally redesigning our in-cabin experience around Etihad Wellness as a product, and maybe I'll come back to that later on. 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. Unfortunately we do have to conclude too, but Tony, thanks very much for being with us today. "we were the first airline in the world to be fully vaccinated. These weren't the kind of things that Etihad would have ever have done in the past, but what we've been doing is in a very agile way, is adapting to the way in which travel restrictions have been so dynamic. 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. Dec 13, 2021, 4:47 AM PST. 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. Access your favorite topics in a personalized feed while you're on the go. Tony Douglas (businessman) is a British businessman. . 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. I think there's probably an important balance here to look at the carrot side of it. The transformation was much needed to make Etihad profitable. 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. Sustainability50, which carries a unique livery in recognition of the 50th anniversary of the federation of the UAE and Etihad's commitment to net-zero carbon emissions by 2050.