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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. 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. 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. A day later on October 19, ADQ appointed Antonoaldo Neves as the airlines new CEO, joining Etihad with a history as CEO and Board Member of TAP Portugal and Azul Airlines before that. Etihad CEO Tony Douglas has agreed to join new Saudi airline RIA, Arabian Business understands from industry sources. September 15, 2021 Interview with Etihad Group CEO Tony Douglas. 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. It produced a $-1.7 billion loss, almost the same as in 2016. CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. Douglas was also chief executive of the Defense Equipment and Support department in the United Kingdom's Ministry of Defense from 2015 to 2017. 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. And who would qualify better for the job than Douglas? He is also writing for Airliner World and Aviation News. "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. His primary source of income is from his working career as a Business executive. Douglas slashed $21.4 billion in aircraft orders, including those for forty Airbus A350-900s. Etihad Airways Appoints Antonoaldo Neves New CEO, Replacing Tony tony douglas etihad net worthmoving to ontario from another province health card. Talking at the CAPA Live on 8-Sep-2021, Etihad Group CEO Tony Douglas spoke with CAPA's chairman emeritus Peter Harbison. Because without this, I think there's no one part of the manufacturers, the commercial airlines themselves, and many other parts of the industry that support this, can find a single solution. 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. 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. 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. 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. There's more energy focused now into alternative fuel types, than frankly I can remember in my 30 years within aviation. offers FT membership to read for free. Analysts said it signaled the difficulties of reforming Britain's 16 billion pounds ($21.5 billion) a year defense equipment plan. "we were the first airline in the world to be fully vaccinated. 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. Back to Greenliner, and we've also been involved with Boeing on ecoDemonstrator flights. 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. Where Is Etihad Sending Its Airbus A350-1000s This Month? I honestly believe Abu Dhabi has been one of the best led places in the world in dealing with this pandemic. You can still enjoy your subscription until the end of your current billing period. 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. 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. 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. The error has been corrected, Your email address will not be published. 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. [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. He is one of the richest and influential businessmen in United Kingdom. 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. "we were the first airline in the world to be fully . Learn How much net worth Tony Douglas is in this year and how he spend his expenses? See here for a complete list of exchanges and delays. Discover Tony Douglas (businessman)s Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. 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. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Under Hogan, the carrier had expanded quickly in size and costly partnerships. Tony Douglas (businessman) is a British businessman. The Arab worlds largest economy will see the completion of 315,000 hotel keys by 2030, the consultancy said. 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. Our Standards: The Thomson Reuters Trust Principles. 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. Sustainable aviation fuels are in excess of two and a half times more expensive than conventional aviation fuels at the moment. 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. ", - 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. All quotes delayed a minimum of 15 minutes. All Rights Reserved. Network Planning was almost like an annual cycle as part of next years budget. tony douglas etihad net worth - tedfund.org PH: Tony, you're predominantly a hub carrier, I presume that's still the case. Born on in Unknown, Tony Douglas (businessman) started his career as businessman . The Other Big Middle East Airline! The Saudia Fleet In 2023 - MSN 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. In early March 2020, FlightGlobal was finalising plans to interview Tony Douglas in Abu Dhabi later that month. 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. What's the demand looking like and touching on corporate travel demand at the end of that? Tony Douglas Biography, Age, Height, Wife, Net Worth, Family also know about his Social media accounts i.e. 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. NASA, the North American Space Agency, people would probably be thinking, why would they be working with NASA? In 2019 we handled over 70 million passengers. Your email address will not be published. Neves said: Etihad Airways is a global brand in the industry. Etihad was the first airline and is still the only airline that has 100% PCR or positive testing in place at the point of origin and arrival here in Abu Dhabi. He has been the CEO of Etihad Airways since January 2018. I honestly believe Abu Dhabi has been one of the best led places in the world in dealing with this pandemic. He previously served as chief executive of Abu Dhabi Airports Company (20132015), and as chief executive of Defence Equipment and Support department in the United Kingdoms Ministry of Defence (20152017). "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. organisation Access your favorite topics in a personalized feed while you're on the go. Tony Douglas Net Worth 2022: Salary - Apumone with lot of social media fan he often posts many personal photos and videos to interact with her huge fan base social media plateform. 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. Billions of dirhams or dollars were flowing into alliances with Air Berlin, in which it bought a 29.2 percent stake in 2011. 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. There's no history that's relevant to today is there? 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. The technical storage or access that is used exclusively for statistical purposes. The agility is something that you will see us maintain going forward. Wanna follow Etihad Airways's net worth? 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. 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. The Etihad Greenliner programme is a dedicated 787 we operate with a wide number of partners, essentially as a flying test-bed to maximise the performance in-flight and therefore the reduction of emissions. In 2017, the German low-cost airline went bust. For New York JFK, Etihad's two daily services are primarily dominated by the Boeing 787-9. 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 2021, the loss was down to $-476 million, thanks to a very strong second half in which Etihad recovered strongly. Some of that's around the use of smarter technology, so machine learning, artificial intelligence. 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. 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. as well as other partner offers and accept our, NOW WATCH: 7 code phrases airline pilots use all the time and what they mean, Etihad is also embroiled in a long-running dispute with American, Delta, and United airlines. It's been holistic and all encompassing and public health, wellbeing has been priority number one by some distance. Douglas - who has been in charge of the UAE national carrier since 2018 - could take the helm later this year. Tourism revenue is paramount for the government to reduce the current account deficit to tackle high inflation and interest rates, Daily Sabah newspaper said. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. 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. Tony Douglas net worth is estimated at around $12 million. 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. 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. Neves said in the statement he was excited for his role at Etihad, "a global well-known brand in the industry," and said he was confident it would continue "its journey of sustainable growth.". 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. 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%. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. I think there's probably an important balance here to look at the carrot side of it. I think the good news again for the travelling public, there's some incredible deals to be had out there. tony douglas etihad net worth June 16, 2022 . Are things going to be opening up? Abu Dhabi eyes aviation services giant to boost its manufacturing, UAEs Etihad confirms Airbus A350 freighter order, Etihad CEO issues call to make aviation industry net zero, Qatar Airways CEO plays down threat of competition, Lebanons tourism minister hails $9bn revenues, Turkeys tourism revenue rises 33% to $8.7bn in Q1 2023, Sustainability looms large at Arabian Travel Market 2023, Saudi hotel development costs estimated at $38bn, Antonoaldo Neves previously turned around TAP airline in Portugal, Outgoing chief said to be joining new Saudi airline RIA. Etihad is also embroiled in a long-running dispute with American, Delta, and United airlines over its expansion into the US market. PH: Right, and on the demand side, Tony, it's obviously very early days and it's very dependent on markets, but we're going into the business season, as leisure and holidays are over pretty much in the northern hemisphere anyway, are you getting any inklings of what the corporate demand might be like? "He will need to be focused on the restructure of the airline as it divests of some of its significant equity stakes and reviews its network and moderates its growth ambitions.". See here for a complete list of exchanges and delays. ", Watch the full interview with Etihad Group CEO Tony Douglas here: Interview with Etihad Group CEO Tony Douglas. 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. Top editors give you the stories you want delivered right to your inbox each weekday. The transformation was much needed to make Etihad profitable. Billions of RIyals, really? Informa Markets, a trading division of Informa PLC. Finally, I think there's a call out for regulators and governments, because there is predictably perhaps, a lot of dialogue around using what I would describe as the stick, ie, more punitive measures around taxation and penalties. The airline group is also looking for a new chief financial officer. To put it into context, we've already had over 3,000 members of the Etihad family on their third booster. The major improvement in 2019 demonstrates were clearly on the right track, he said in the earnings release. Active as a journalist since 1987, with a background in newspapers, magazines, and a regional news station, Richard has been covering commercial aviation on a freelance basis since late 2016. We use Etihad Airways' CEO says its Airbus A380s and the $20,000 luxury apartments onboard might fly again but only temporarily. Industry sources say Douglas - who has been in charge of Etihad since January 2018 - is RIA's "top choice". Sources close to Saudi Arabia's Public Investment Fund (PIF) told Arabian Business that Douglas was "no longer involved" with . He previously served as chief executive of Abu Dhabi Airports Company (2013-2015), and as chief executive of Defence Equipment and Support department in the United Kingdom's Ministry of Defence (2015-2017). 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.
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