In terms of sustainability, Douglas. Douglas served as group CEO at Etihad Aviation Group from January 2018 and led the airline's turnaround by optimising costs, streamlining processes and its travel network. I think in many ways, the faster that vaccines can be rolled out globally, will see us return more quickly back to normality. They were optimised, of course, for shorter haul, propeller-powered flight. I think what that probably signals to everybody is the absolute latent demand. Discover Tony Douglas (businessman)s Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. By Anil Bhoyrul and Matthew Amlot Thu 8 Sep 2022. Check if your 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. 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. I think we're probably a generation of thinking at the moment, away from landing that, but the challenge I think for leadership in this space, is to really try and narrate what the direction of travel needs to be.. 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 government transferred Etihad's ownership to wealth fund ADQ, ADQ said on Wednesday. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Im excited to embark on this new role and build on the solid foundation left by Tony and the management team. 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. Tony Douglas (businessman) is a British businessman. Sustainability is indeed the other legacy that Tony Douglas leaves behind at Etihad. 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. The growth in Saudis hotel room inventory will swell to become larger than []. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. tony douglas etihad net worthmoving to ontario from another province health card. 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. Chairman Mohamed Mubarak Fadhel al-Mazrouei said Douglas was "keenly familiar with Etihads challenges and opportunities in a rapidly changing industry. They've got a habit of being obviously, extremely changeable, and I think what's brought, again, our transformation process over the last three years, the benefits from that to the fore, is the fact that it's made us an awful lot more agile. Let's kick off with the big picture stuff. He is also writing for Airliner World and Aviation News. 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. Tony Douglas (businessman) is a British businessman. In 2017, the German low-cost airline went bust. 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. Abu Dhabi has recruited. Billions of dirhams or dollars were flowing into alliances with Air Berlin, in which it bought a 29.2 percent stake in 2011. That probably leads us into why we thought Etihad Wellness was so important when we originally introduced it in the middle of last year. Talking at the CAPA Live on 8-Sep-2021, Etihad Group CEO Tony Douglas spoke with CAPA's chairman emeritus Peter Harbison. 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. The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user. Ray Gammell, who has served as interim group CEO since May will return to his position as Group Chief People & Performance Officer, Etihad said. 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.". Dallas/Fort Worth and Ho Chi Minh City to boost growth, the airline carried 17.8 million passengers in 2018. . Network Planning was almost like an annual cycle as part of next years budget. 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. That said, given the fact that I'd like to think that Etihad's a very agile business and we were already well on the way through our transformation journey, what we've tried to do is capitalise on the old clich of never waste a good crisis. The IMF reached a staff-level agreement with Lebanon in April 2022 for a $3 billion loan programme to tackle its financial crisis. He previously served as the CEO of Etihad Airways from January 2018 to October 2022. Learn How much net worth Tony Douglas is in this year and how he spend his expenses? In 2017, the German low-cost airline went bust. 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. And then came the Covid years. Revenue management used to be a heavy degree of science and a sprinkle of art. Douglas's history in Abu Dhabi "is likely to be significant in providing a sense of trust by the owners," aviation consultant John Strickland told Reuters. 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. Wanna follow Etihad Airways's net worth? To put it into context, we've already had over 3,000 members of the Etihad family on their third booster. university I go back to the earlier point, it's not all about big initiatives, it's how one collects, we think, all of the small ones to help contribute as well. 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. Abu Dhabi's Etihad Aviation Group has appointed Antonoaldo Neves as its new CEO, it said on Wednesday. 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. At the end of 2019 I remember almost thinking naively what could possibly go wrong?. He is a board member of Abu Dhabi Airports and holds an MBA from the University of Lancaster, U.K. 2023 Forbes Middle East. Top editors give you the stories you want delivered right to your inbox each weekday. Etihad will continue to serve Abu Dhabi as the national airline of the UAE, delivering world class services and exceeding global benchmarks in the near future.. ", - SAFs: "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. Skip to content Skip to Search. Problems with its investments in troubled European airlines and provisions on aircraft plunged the airline into a $1.9 billion loss last year, its first since 2010. You may change or cancel your subscription or trial at any time online. Keep abreast of significant corporate, financial and political developments around the world. Under Hogan, the carrier had expanded quickly in size and costly partnerships. Tony Douglas, Group Chief Executive Officer, Etihad Aviation Group. To put it into contrast, 2019, we handled over 70-million passengers with Etihad. For a full comparison of Standard and Premium Digital, click here. Also learn about how he is rich at the age of 49 years old? His primary source of income is from his working career as a Business executive. In particular, is you find it's one part of the world that will do it and many other parts don't. by Richard Schuurman | Oct 20, 2022 | Aerospace | 2 comments. So, how much is Tony Douglas (businessman) networth at the age of years old? 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 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. 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 . We support credit card, debit card and PayPal payments. 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. Tony Douglas, Etihad's chief executive told The National earlier this year. This is an extremely well-coordinated environment, not just in terms of Etihad Wellness, but the way in which that corresponds with the arrival and departure process within the airport, the way in which it coordinates with the leisure industry, with the hotels, the way in which it coordinates with lifestyle, be that entertainment, be that the way in which we go and shop in the supermarkets, etc. 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. This trend has continued in 2022, with Douglas happily reporting that Etihad recordeda $296 million profit and was performing well on all fronts. Etihad walked out, having lost hundreds of millions on Alitalia in just four years. Furthermore, Douglas affirms that sustainability will continue to be a key priority . 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. At the gala event in New York last night, Tony Douglas, Etihad Airways Group Chief Executive Officer, . 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? We were the first airline in the world to have a 100% vaccinated cabin crew and flight crew. Back to the core brand of Etihad, that's something else that we think we are, humbly a thought leader in, and something that going forward will continue to differentiate the way in which we present ourselves.. All Rights Reserved. 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. "we were the first airline in the world to be fully . 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. The 56 or so destinations we fly into, one might have been on a red list yesterday and is on the green list today, and somewhere else might have been green yesterday and is now red. You simply wouldn't experience that here in Abu Dhabi. 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. Etihad appears to be in the market for a new airline CEO, as reports suggest current boss Tony Douglas is leaving the airline. In 2014, Etihad bought 49 percent ofAlitalia for $1.92 billion, but as losses continued, Hogan said in 2017 he had enough. Douglas joined the group in 2018 and has around two decades of experience in transportation, infrastructure, and government sectors. 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Talking at the CAPA Live on 8-Sep-2021, Etihad Group CEO Tony Douglas spoke with CAPAs chairman emeritus Peter Harbison. 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. 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.. 6mo. 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. Ted's Bio; Fact Sheet; Hoja Informativa Del Ted Fund; Ted Fund Board 2021-22; 2021 Ted Fund Donors; Ted Fund Donors Over the Years. Neves was previously CEO and board member of TAP, the national airline of Portugal, where he led a major turnaround. We're doing this for our own personal wellness, for our family and loved ones, for the people that we serve. PH: Tony, you're predominantly a hub carrier, I presume that's still the case. And then came the Covid years. 2023 AGBI, part of Link Media Corporation Ltd. We asked him about what makes the. 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. PH: It's interesting that correlation between health and actually buying up into business class, just to get some space. The Arab worlds largest economy will see the completion of 315,000 hotel keys by 2030, the consultancy said. tony douglas etihad net worth June 16, 2022 . 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. 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. 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. They were never optimised for the way in which today, some of the busiest routes in the world, in obviously Europe, North America and other locations can be optimised, so there's a big opportunity in our opinion there. Born on in Unknown, Tony Douglas (businessman) started his career as businessman . 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. 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. 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. Thanks for coming along and talking to today. I actually think that's a good thing, not just for us as a leaner, more agile organisation, but again, for the travelling community, our guests.. It's around an international collaboration, which over time will crack this one.. "If the rainmaker who was brought in as an outside businessman is leaving, that is not good news for the MOD," said UK defense analyst Francis Tusa. 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. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. 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. I think the trick to this is to make sure that one has a blend of propositions that give choice to the marketplace. 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). There's no history that's relevant to today is there? It isn't going to work unless that cost of production curve can be accelerated down and perhaps some form of incentivisation to make it the preferred choice. Home; About Us. 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. Antony 'Tony' Douglas, 59, has been the CEO of Etihad Airways since 2018. offers FT membership to read for free. This site uses cookies to provide a better user experience. . We asked him about what makes the A350-1000 standout against other planes and how this plane fits in with the Etihad mission of achieving net zero emissions by 2050.WATCH MORE AT https://www.khaleejtimes.com/videosTELEGRAM: https://t.me/KhaleejTimesFACEBOOK: https://www.facebook.com/khaleejtimes/TWITTER: https://twitter.com/khaleejtimesINSTAGRAM: https://www.instagram.com/khaleejtimes/#Dubai #News #khaleejtimes Are things going to be opening up? Net zero must be 'at the very top of the agenda' for industry as well as government, Etihad CEO Tony Douglas has told AGBI. You can still enjoy your subscription until the end of your current billing period. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. 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'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. 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. Required fields are marked *. commentary and analysis you can trust. 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. Khaleej Times met with the Etihad CEO, Tony Douglas on board the maiden A350-1000 flight form Abu Dhabi to London Heathrow. Arabian Business reported that RIA is also trying to lure away two other Etihad executives. The -born businessman expert is arguably the worlds most influential Tony Douglas (businessman) is expert, with a wide-ranging social media outreach. As we come out of the pandemic, of course the big routes will continue to be dominant. The new aircraft is currently serving two routes in the US . In 2014, Etihad bought 49 percent of. "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. My mistake! Interview with Etihad Group CEO Tony Douglas. 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.. 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. PIF is reportedly investing $30 billion in the new airline, which is expected to launch modestly with a narrowbody fleet and regional operations. Some of that's around the use of smarter technology, so machine learning, artificial intelligence. Live from Hong Kong, bringing you the most important global business and breaking markets news information as it happens.
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