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. commentary and analysis you can trust. To sustainable aviation fuels, we proudly hold the record at the moment for the longest duration, obviously distance as well as flight, with the heaviest SAF mix. Executive Director; Our Team; Research. 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.. You simply wouldn't experience that here in Abu Dhabi. 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. Douglas was also chief executive of the Defense Equipment and Support department in the United Kingdom's Ministry of Defense from 2015 to 2017. It probably of course will continue to have a massive impact for the foreseeable future. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for 65 per month. 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. 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 Airways' CEO says its Airbus A380s and the $20,000 luxury apartments onboard might fly again but only temporarily. I think the trick to this is to make sure that one has a blend of propositions that give choice to the marketplace. "we were the first airline in the world to be fully vaccinated. 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. Today we find it's a heavy degree of art and a little bit of science. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. Both airlines have filed for administration this year, and Etihad sold its stake in a third European carrier, Darwin, in July. Our Standards: The Thomson Reuters Trust Principles. Live from Hong Kong, bringing you the most important global business and breaking markets news information as it happens. We use cookies to optimize our website and our service. 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. Tony Douglas, Group Chief Executive Officer, Etihad Aviation Group. Talking at the CAPA Live on 8-Sep-2021, Etihad Group CEO Tony Douglas spoke with CAPA's chairman emeritus Peter Harbison. Enter Tony Douglas, who succeeded Hogan in January 2018. The transformation was much needed to make Etihad profitable. In 2017, the German low-cost airline went bust. 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. Peter Harbison: Welcome to CAPA Live, Tony Douglas Group CEO of Etihad Airways, great to have you with us, Tony. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. I think the good news again for the travelling public, there's some incredible deals to be had out there. Wanna follow Etihad Airways's net worth? I think quite frankly, the doubters around the world only really need to look at the numbers, they appear to be self-explanatory in terms of correlation between vaccine curves and fatality curves being asymmetric. As we are entering our next phase of sustainable growth, we are confident that Antonoaldo will build on Tonys legacy. on behalf of all of the Etihad family."Group CEO Tony Douglas shares a. 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. Today we find it's a heavy degree of art and a little bit of science. 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.". "we were the first airline in the world to be fully . Etihad has already said it would no longer financially support Air Berlin and Italy's Alitalia, two of its prized investments. March 13, 2023 . In 2014, Etihad bought 49 percent of. 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. 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. 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. 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. He has been the CEO of Etihad Airways since January 2018. At the end of 2019 I remember almost thinking naively what could possibly go wrong?. Home; About Us. That means you've got to have a whole lot of synchrony with your hub airport, but what are the dynamics of that? His primary source of income is from his working career as a Business executive. I think there's probably an important balance here to look at the carrot side of it. Some of that's around the use of smarter technology, so machine learning, artificial intelligence. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. I think in many ways, the faster that vaccines can be rolled out globally, will see us return more quickly back to normality. What's the demand looking like and touching on corporate travel demand at the end of that? I think the agility that I've just described is something that you will see us maintain going forward. 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. 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 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. 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. September 15, 2021 The industry leader for online information for tax, accounting and finance professionals. 2023 AGBI, part of Link Media Corporation Ltd. Just this week on October 18, the transaction was approved by the Supreme Council for Financial and Economic Affairs and the ownership of Etihad Airlines Group (EAG) was transferred to ADQ. The imminent departure of Douglas from Etihad comes at a logical moment. What we've put together is a series of programmes. The error has been corrected, Your email address will not be published. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Network planning is extremely difficult for you obviously with something like this with doors opening and closing, but the other thing that has gone out of the window, is revenue management. 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. 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.. In 2017, the German low-cost airline went bust. Home; About. Skip to content Skip to Search. 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. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. he is one of famous businessman with the age years old group. Douglas has spearheaded Etihads stance on building a sustainable aviation sector. Arabian Business reported that RIA is also trying to lure away two other Etihad executives. The new airline is expected to appoint Briton Tony Douglas as its chief executive officer. 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. Economic Development Research Organization. Abu Dhabi's Etihad Aviation Group has appointed Antonoaldo Neves as its new CEO, it said on Wednesday. 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. Please get your facts right! 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. Stay informed and spot emerging risks and opportunities with independent global reporting, expert Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. 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. 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. Darryl Hinton Douglas, 58, was one of the first global business leaders to be vaccinated when he received his (the Chinese Sinopharm jab) in early January at Etihad's in-house medical centre, a benefit of. It's been holistic and all encompassing and public health, wellbeing has been priority number one by some distance. But progress on [], Turkeys tourism revenue rose 33 percent in the first quarter of 2023 to $8.69 billion, driven by a surge in foreign arrivals, said Turkish Statistical Institute (TurkStat) in a report. He is one of the richest and influential businessmen in United Kingdom. In terms of sustainability, Douglas. Let's kick off with the big picture stuff. In line with the countrys, Airbus makes autonomous take-offs a reality, Mitsubishi's SpaceJet more and more on the backburner. and other data for a number of reasons, such as keeping FT Sites reliable and secure, 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.. You may change or cancel your subscription or trial at any time online. Airbus A380 in Etihad livery. ($1 = 0.7445 pounds). Firstly, vaccination curves increasing in many countries, a corresponding slight easing in travel restrictions that followed. 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. 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. 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. We were the first airline in the world to have a 100% vaccinated cabin crew and flight crew. 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. Sign up for our Middle East newsletter and follow us @middleeast fornews on the region. also know about his Social media accounts i.e. He inherited an airline with a core loss of $-1.6 billion. . Im excited to embark on this new role and build on the solid foundation left by Tony and the management team. Thanks for coming along and talking to today. Tony Douglas (businessman) is a British businessman. Enter Tony Douglas, who succeeded Hogan in January 2018. Learn How much net worth Tony Douglas is in this year and how he spend his expenses? Chairman Mohamed Mubarak Fadhel al-Mazrouei said Douglas was "keenly familiar with Etihads challenges and opportunities in a rapidly changing industry. Required fields are marked *. The growth in Saudis hotel room inventory will swell to become larger than []. 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. 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. He has been the CEO of Etihad Airways since January 2018. It's still very difficult. For a full comparison of Standard and Premium Digital, click here. Decision Analytics Subscribe Video Library Media, WebinarsPrivacy Policy Terms and Conditions Data Access Request. At the age of years, Tony Douglas (businessman) weight not available right now. As part of Etihad Wellness, the airline introduced the Covid-19 global wellness insurance for all its guests Instagram, Facebook, Twitter and much more. Tony Douglas is a British businessman. Please scroll down to see information about Tony Douglas (businessman) Social media profiles. 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 Airways CEO Tony Douglas met SBI chairman Rajnish Kumar in Mumbai on 18 March to discuss Jet Airways bailout plan.He asked SBI to buy Etihad's 24% stake at 150 per share, or about . 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. Talking at the CAPA Live on 8-Sep-2021, Etihad Group CEO Tony Douglas spoke with CAPAs chairman emeritus Peter Harbison. Neves will replace Tony Douglas, who has decided to pursue an opportunity elsewhere . PH: I think that's obviously a really good message, and a really good strategy, which you have to be taking. The IMF reached a staff-level agreement with Lebanon in April 2022 for a $3 billion loan programme to tackle its financial crisis. The [], Ahead of Dubai hosting one of the worlds largest travel conferences, key stakeholders in the emirates travel and hospitality industry have been keen to stress its sustainability credentials. 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. The Arab worlds largest economy will see the completion of 315,000 hotel keys by 2030, the consultancy said. The -born businessman expert is arguably the worlds most influential Tony Douglas (businessman) is expert, with a wide-ranging social media outreach. 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. 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. Mohammad Al Bulooki Chief Operating Officer Learn more Raffael Quintas Chief Financial Officer 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.". 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. 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. Learn how your comment data is processed. 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.. . 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. Khaleej Times met with the Etihad CEO, Tony Douglas on board the maiden A350-1000 flight form Abu Dhabi to London Heathrow. Douglas - who has been in charge of the UAE national carrier since 2018 - could take the helm later this year. Net zero must be 'at the very top of the agenda' for industry as well as government, Etihad CEO Tony Douglas has told AGBI. Industry sources say Douglas - who has been in charge of Etihad since January 2018 - is RIA's "top choice". Etihad Airways turned profitable in the first quarter, according to Chief Executive Officer Tony Douglas, who said it's possible the Gulf carrier can post positive earnings for all of 2022, one . Tony Douglas net worth is estimated at around $12 million. Its almost a daily dynamic activity right now. The majority of this website will not function as intended without JavaScript enabled. ", - 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. 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. Covid-19; Power Letters 2021: Tony Douglas, CEO, Etihad Aviation Group. . The Etihad Airways group chief executive was a little over two years into a major . or Read more: Exclusive: Etihad's Tony Douglas discusses recovery, record profits, and change I think, as you rightly say today we find it's a heavy degree of art and a little bit of science. Ray Gammell, who has served as interim group CEO since May will return to his position as Group Chief People & Performance Officer, Etihad said. 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. Those are the sorts of things Etihad would never have thought about pre-pandemic. An Etihad Airbus A380 . In particular, is you find it's one part of the world that will do it and many other parts don't. 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. You can still enjoy your subscription until the end of your current billing period. As it transformed, so did Etihads ownership. 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". 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; 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.. 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. He is a board member of Abu Dhabi Airports and holds an MBA from the University of Lancaster, U.K. 2023 Forbes Middle East. This trend has continued in 2022, with Douglas happily reporting that Etihad recordeda $296 million profit and was performing well on all fronts. 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. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Tony Douglas was named the new CEO of Etihad Aviation Group on Thursday. 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. There does seem to be an asynchrony between the expectations of the industry and the capabilities of the industry. it has hired former Etihad CEO Tony Douglas to . 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. tony douglas etihad net worth June 16, 2022 . NASA, the North American Space Agency, people would probably be thinking, why would they be working with NASA? We recommend you to check the complete list of Famous businessman. Douglas previously served as chief executive of Abu Dhabi Airports Company from 2013 to 2015. 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). What we've tried to do is capitalise on the old clich of never waste a good crisis. 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. The 56 or so destinations we fly into at the moment, 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. Etihad further improved its results and reduces its loss to $-0.87 billion in 2019. That seems to me that governments are being highly hypocritical in many cases, by not recognising the fact that they're the ones who are actually standing in the way of progress, particularly when you get into Europe.