Airbus A380 in Etihad livery. Our Standards: The Thomson Reuters Trust Principles. To put it into contrast, 2019, we handled over 70-million passengers with Etihad. Etihad Airways net worth Apr, 2023 - People Ai That probably leads us into why we thought Etihad Wellness was so important when we originally introduced it in the middle of last year. Sign up for our Middle East newsletter and follow us @middleeast fornews on the region. We're working with the producers, with the scientists that sit behind alternative aviation fuels both on SAF's as we see it today with the efuel, the hydrogen component solutions and we're using both the Greenliner and working again with Boeing on other projects to see how we can continue to experiment with those kind of options. "We are going to go absolutely out of our way to make sure that we can reassure you. Etihad names new CEO | LinkedIn Wanna follow Etihad Airways's net worth? Etihad Airways' CEO says that airlines that fail to follow its Tony Douglas is a British businessman. Douglas joined the group in 2018 and has around two decades of experience in transportation, infrastructure, and government sectors. We're doing quite a bit at the moment on optimising contrails for example. I really enjoyed this and there's some very interesting facts in there. Theres still some way to go but the progress made in 2019, and cumulatively since 2017, has instilled in us a renewed vigor and determination to push ahead and implement the changes needed to continue this positive trajectory., Mikael Houari, President of Airbus Africa Middle East, and Tony Douglas at the 2021 Dubai Airshow. . We think as part of a roadmap, directionally, it gives us a huge amount of confidence that there's more energy focused now into alternative fuel types, than frankly I can remember in my 30 years within aviation one way or the other. It produced a $-1.7 billion loss, almost the same as in 2016. Aviation is responsible for around 2.5 percent of global carbon dioxide emissions. The technical storage or access that is used exclusively for anonymous statistical purposes. Etihad's Tony Douglas: 'Don't fight the storm' - Financial Times In his first year 2018, at the helm, Douglas succeeded in cutting the loss to $-1.28 billion. 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). By clicking Sign up, you agree to receive marketing emails from Insider Many, many years ago, I can remember when it was almost like an annual cycle as part of doing next year's budget or part of the winter season and the summer season. Instagram, Facebook, Twitter and much more. The agility is something that you will see us maintain going forward. 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. Enter Tony Douglas, who succeeded Hogan in January 2018. 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. 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. 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. Bloomberg Markets Asia. Standard Digital includes access to a wealth of global news, analysis and expert opinion. Tony Douglas (businessman) is a British businessman. and other data for a number of reasons, such as keeping FT Sites reliable and secure, The error has been corrected, Your email address will not be published. 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. Billions of dirhams or dollars were flowing into alliances with Air Berlin, in which it bought a 29.2 percent stake in 2011. [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. The Other Big Middle East Airline! The Saudia Fleet In 2023 - MSN Learn how your comment data is processed. It's around an international collaboration, which over time will crack this one.. 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. PH: That's very succinctly put, I like that, a nice conclusion to it. I think, we need to be realistic in managing costs with an obsession to detail, and just walking through the steps of this in a very, very structured way, but I think equally there's a cause for some optimism now, as vaccination in particular gathers momentum.. Please scroll down to see information about Tony Douglas (businessman) Social media profiles. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for 65 per month. articles a month for anyone to read, even non-subscribers. 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. 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. He has also held senior positions with airport operator BAA, and as Chief Operating Officer and Group Chief Executive designate of Laing ORourke. "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. We recommend you to check the complete list of Famous businessman. 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. Tourism revenue is paramount for the government to reduce the current account deficit to tackle high inflation and interest rates, Daily Sabah newspaper said. 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. PH: Tony, you're predominantly a hub carrier, I presume that's still the case. Douglas, who took over as CEO in 2018, has canceled or threatened to back out of much of two massive orders placed with Boeing and Airbus in 2013 for 143 jetliners that had a then-record total. 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. Both airlines have filed for administration this year, and Etihad sold its stake in a third European carrier, Darwin, in July. Some of that's around the use of smarter technology, so machine learning, artificial intelligence. 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. his net worth has been growing significantly in 2021-2022. 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. For a full comparison of Standard and Premium Digital, click here. 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. My crystal ball can't predict when that's going to happen, but the sustainability agenda, for commercial aviation, is here forever and in many ways is a far bigger intellectual challenge for all of us. And then came the Covid years. At the moment its probably not so hard, because there are not that large numbers, but if we are going to grow again, how confident are you that your hub airport can keep the pace with you? Tony Douglas's salary per month with other career earnings is over $1 million dollars annually. Premium access for businesses and educational institutions. This site uses cookies to provide a better user experience. The reason why we would have, I believe, no anxiety at all, is we would know that the wellness condition of everybody on board Etihad is screened to the same standard as you and I. 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. 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. offers FT membership to read for free. NASA, the North American Space Agency, people would probably be thinking, why would they be working with NASA? AirInsight is the boutique aerospace media and analysis team and part of AirInsight Group LLC. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. What we've tried to do is capitalise on the old clich of never waste a good crisis. Im excited to embark on this new role and build on the solid foundation left by Tony and the management team. Executive Director; Our Team; Research. By Anil Bhoyrul and Matthew Amlot Thu 8 Sep 2022. ", - 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. 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. Etihad Airways net worth 103 Million Millions of dollars 99% Net worth score Disclamer: Etihad Airways net worth displayed here are calculated based on a combination social factors. In terms of corporate travel, I think everybody's well aware that that is heavily suppressed and is likely to be so for some time, but here's the interesting point, I think. The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. Required fields are marked *. He also 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 . How do you ensure that you do get this flow through health scheme that you yourself can enforce on the aircraft, but it's a lot more difficult once they get into the airport and start mingling with other people? 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. It was this summer when the first reports emerged that Douglas had been poached by the Saudi Public Investment Fund to lead the new airline, which unofficially has been branded RIA. March 13, 2023 . 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. As part of Etihad Wellness, the airline introduced the Covid-19 global wellness insurance for all its guests Sustainability is indeed the other legacy that Tony Douglas leaves behind at Etihad. This 'Money Pit' Airline Says It's Finally Set Up To - Forbes We support credit card, debit card and PayPal payments. 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. 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.". "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. Prior to TAP he was president of Azul Airlines in Brazil, where he led the company to IPO in New York. Etihad Airways Appoints Antonoaldo Neves New CEO, Replacing Tony TD: I'd like to hope there's not, because quite often taxation drives the wrong sort of behaviour. Khaleej Times met with the Etihad CEO, Tony Douglas on board the maiden A350-1000 flight form Abu Dhabi to London Heathrow. 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. To put it into context, we've already had over 3,000 members of the Etihad family on their third booster. 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. Centred on the theme Working Towards Net Zero, this years Arabian Travel Market (ATM) on May 1 to May 4 is expected to draw in 34,000 attendees [], The total development cost for all the hotel rooms planned in Saudi Arabia is estimated at $37.8 billion, according to property consultancy Knight Frank. by Richard Schuurman | Oct 20, 2022 | Aerospace | 2 comments. See here for a complete list of exchanges and delays. Some of that's around the use of smarter technology, so machine learning, artificial intelligence. Dallas/Fort Worth and Ho Chi Minh City to boost growth, the airline carried 17.8 million passengers in 2018. . Under Hogan, the carrier had expanded quickly in size and costly partnerships. 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. Tony Douglas (businessman) is a British businessman. Stay up to date with what you want to know. Tony Douglas, Etihad's chief executive told The National earlier this year. A Message from Group CEO Tony Douglas | Etihad Airways You simply wouldn't experience that here in Abu Dhabi. 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. Net zero is 'biggest challenge' for aviation: Etihad CEO 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. Tony Douglas Biography, Age, Height, Wife, Net Worth, Family 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. I am confident that Etihad will prosper into new heights and continue its journey of sustainable growth.. I think, as you rightly say today we find it's a heavy degree of art and a little bit of science. It's been holistic and all encompassing and public health, wellbeing has been priority number one by some distance. I honestly believe Abu Dhabi has been one of the best led places in the world in dealing with this pandemic. Some of the demonstration flights we've been able to take at least 40 minutes out of the flight time and reduce the CO2 content by around six tonnes. I think as you allude to the fact that sustainable aviation fuels are in excess of two and a half times more expensive than conventional aviation fuels at the moment, unless the economics of this can be resolved it clearly isn't going to be a commercially sustainable part of the solution. The definition of business class, as we're all very familiar with it in the aviation business, is whilst there's not as many business people travelling with Etihad at the moment, or anybody else for that matter, what we've seen is a significant trade off of the percentage of tickets sold into business class. PH: Let's move right into that, because that's the other existential threat, as if we hadn't had crisis enough, but it seems almost paradoxically coming out of COVID, as we hopefully are, that the environmental issues, partly because of the IPCC, but more generally the environmental issues are becoming much more pressing on the airlines. He inherited an airline with a core loss of $-1.6 billion. I think this plays well to the way in which international tourism will be able to come back with confidence. For the carrier's once-daily service to Dublin, you're much more likely to see the Boeing 787-10. Today you can go on to Etihad.com and if you want to book 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. We flew over 50% sustainable aviation fuel from Charleston into Abu Dhabi, that's a good 13 hour plus flight, and we've been very, very active in this space. Analysts said it signaled the difficulties of reforming Britain's 16 billion pounds ($21.5 billion) a year defense equipment plan. PH: It's interesting that correlation between health and actually buying up into business class, just to get some space. We operated, because Greece went green during the summer, into places like Santorini, places like Mykonos, places like Malaga of course, in Spain. 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. Tony Douglas: I think everybody is only too well aware of what an incredible impact the pandemic has had on civil aviation. All Rights Reserved. Etihad CEO Tony Douglas has agreed to join new Saudi airline RIA, Arabian Business understands from industry sources. 2023 AGBI, part of Link Media Corporation Ltd. Read more: Exclusive: Etihad's Tony Douglas discusses recovery, record profits, and change According to Etihad Airways CEO Tony Douglas, the Airbus A380 may return to the sky if the global pandemic travel recovers rapidly and exceeds pre-pandemic levels. Riyadh Air News: CEO Is Tony Douglas, ex-Etihad Boss - Bloomberg Etihad offers to sell its entire stake in Jet Airways to SBI 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. 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. 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. Thomas Pallini. I honestly believe Abu Dhabi has been one of the best led places in the world in dealing with this pandemic. Whilst there's not as many business people travelling with Etihad at the moment, what we've seen is a significant trade off of the percentage of tickets sold into business class. Etihad Chairman Mohammed Ali Al Shorafa thanked Douglas for his efforts: It was this summer when the first reports emerged that Douglas had been poached by the Saudi Public Investment Fund to lead the new airline, which unofficially has been branded RIA. Here we are updating just estimated networth of Tony Douglas (businessman) salary, income and assets. 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. Etihad Airways Appoints Antonoaldo Neves New CEO, Replacing Tony Douglas. Douglas - who has been in charge of the UAE national carrier since 2018 - could take the helm later this year. There will be an end to COVID. New Saudi Arabia Airline RIA eyes Etihad's Tony Douglas as CEO: report Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Tony Douglas, Group Chief Executive Officer, Etihad Aviation Group. If I use perhaps an example, perhaps almost to make a little bit of fun, but there's a serious point in this, I will do in a moment, but it plays into the fact that 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. Neves will replace Tony Douglas, who has decided to pursue an opportunity elsewhere . Abu Dhabi airline Etihad gets new CEO after wealth fund ADQ's takeover We're doing this for our own personal wellness, for our family and loved ones, for the people that we serve. Among other issues, Mr Douglas talked of the importance o: - " Etihad Wellness" in attracting business class sales. Khaleej Times met with the Etihad CEO, Tony Douglas on board the maiden A350-1000 flight form Abu Dhabi to London Heathrow. In 2021, the loss was down to $-476 million, thanks to a very strong second half in which Etihad recovered strongly. Former boss of Portuguese airline TAP named Etihad Aviation Group CEO Covid-19; Power Letters 2021: Tony Douglas, CEO, Etihad Aviation Group. We're working with everybody who can coordinate and contribute to this particular challenge. Decision Analytics Subscribe Video Library Media, WebinarsPrivacy Policy Terms and Conditions Data Access Request. Access your favorite topics in a personalized feed while you're on the go. In 2022, he has gone full-time freelance. Also learn about how he is rich at the age of 49 years old? Etihad Airways, Group CEO Tony Douglas: "never waste a good crisis" Tony Douglas Net Worth 2022: Salary - Apumone He has been the CEO of Etihad Airways since January 2018. previously, he 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). Since replacing James Hogan in 2018 as CEO, Douglas has been instrumental to steer the airline through the Covid crisis and its own transformation program, which was launched just before he joined. 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. I'll perhaps come back to that if I may, in a moment. 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. 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. The smallest of Abu Dhabi's three main sovereign wealth funds, ADQ has emerged as one of the region's most active dealmakers. 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. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. 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. 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. I think there's probably an important balance here to look at the carrot side of it, ie, how commercial airlines get incentivised for the way in which they are contributing to more efficient and therefore sustainable flight programmes.