"we were the first airline in the world to be fully . In 2017, the German low-cost airline went bust. [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 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. You can still enjoy your subscription until the end of your current billing period. Today we find it's a heavy degree of art and a little bit of science. 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. We use Etihad has already said it would no longer financially support Air Berlin and Italy's Alitalia, two of its prized investments. 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 . I honestly believe Abu Dhabi has been one of the best led places in the world in dealing with this pandemic. Peter Harbison: Welcome to CAPA Live, Tony Douglas Group CEO of Etihad Airways, great to have you with us, Tony. 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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. He has been the CEO of Etihad Airways since January 2018. 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%. Wanna follow Etihad Airways's net worth? Those are the sorts of things Etihad would never have thought about pre-pandemic. Ray Gammell, who has served as interim group CEO since May will return to his position as Group Chief People & Performance Officer, Etihad said. 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-0929. Twitter: @rschuur_aero. 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. 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. The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes. articles a month for anyone to read, even non-subscribers. Economics Letter; Current Research 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. Standard Digital includes access to a wealth of global news, analysis and expert opinion. Tony Douglas steps down as CEO of Saudi RIA after just 2 months Etihad's former CEO and the CEO of Saudi Arabia's new $30 billion national Airline RIA, Tony Douglas, has reportedly left office after just two months in his new role. I'll perhaps come back to that if I may, in a moment. CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets. I think the good news again for the travelling public, there's some incredible deals to be had out there. 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. This trend has continued in 2022, with Douglas happily reporting that Etihad recordeda $296 million profit and was performing well on all fronts. 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. 0. He previously served as the CEO of Etihad Airways from January 2018 to October 2022. You may change or cancel your subscription or trial at any time online. 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. PIF is reportedly investing $30 billion in the new airline, which is expected to launch modestly with a narrowbody fleet and regional operations. By Anil Bhoyrul and Matthew Amlot Thu 8 Sep 2022. Tourism revenue is paramount for the government to reduce the current account deficit to tackle high inflation and interest rates, Daily Sabah newspaper said. Tony Douglas is a British businessman. Roland Magunia for The National Deena Kamel As were entering our next phase of sustainable growth, we are confident that Antonoaldo will build on Tonys legacy. 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. Those are the sorts of things Etihad would never have thought about pre-pandemic. 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. 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. We're using it as a call out to SMEs, to universities, to anybody out there who's got a genius idea, to be able to bring it into an environment where it can be put to test. Douglas previously served as chief executive of Abu Dhabi Airports Company from 2013 to 2015. Currently yield management considerations are probably more important now in pricing and obviously position, than they've ever been before. 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. 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. All quotes delayed a minimum of 15 minutes. offers FT membership to read for free. Etihad Airways Appoints Antonoaldo Neves New CEO, Replacing Tony Douglas. Sustainability is indeed the other legacy that Tony Douglas leaves behind at Etihad. Airbus A380 in Etihad livery. Saudi Arabia's new global airline RIA has approached Etihad's Tony Douglas to be its new CEO, Arabian Business understands. It produced a $-1.7 billion loss, almost the same as in 2016. How we work with traffic controllers and regulators, to be able to get controlled climbs and continuous descent happen. 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. 2007-2020 AirInsight Group LLC. I think the agility that I've just described is something that you will see us maintain going forward. Talking at the CAPA Live on 8-Sep-2021, Etihad Group CEO Tony Douglas spoke with CAPA's chairman emeritus Peter Harbison. 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. Economic Development Research Organization. Abu Dhabi's Etihad Aviation Group has appointed Antonoaldo Neves as its new CEO, it said on Wednesday. The growth in Saudis hotel room inventory will swell to become larger than []. Billions of dirhams or dollars were flowing into alliances with Air Berlin, in which it bought a 29.2 percent stake in 2011. Under his leadership, the carrier has pushed hard to get sustainability at the core of everything it does to reduce its footprint, be it reducing plastic waste and carbon emissions. tony douglas etihad net worth June 16, 2022 . 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. Khaleej Times met with the Etihad CEO, Tony Douglas on board the maiden A350-1000 flight form Abu Dhabi to London Heathrow. As we are entering our next phase of sustainable growth, we are confident that Antonoaldo will build on Tonys legacy. 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. 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). The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. 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. That was a function of a number of things. also know about his Social media accounts i.e. I think this plays well to the way in which international tourism will be able to come back with confidence. It's been holistic and all encompassing and public health, wellbeing has been priority number one by some distance. Tony Douglas, Group Chief Executive Officer, Etihad Aviation Group, said: "As we say goodbye to 2020, I wanted to start the new year by demonstrating my own . I think as we come out of the pandemic, of course the big routes will continue to be dominant, in our opinion, I think the hub status of Abu Dhabi, the UAE in general, given the fact that we're six flying hours from two-thirds of the world's population, will continue to be a very significant part of our operating model. ", - 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. That probably leads us into why we thought Etihad Wellness was so important when we originally introduced it in the middle of last year. As we come out of the pandemic, of course the big routes will continue to be dominant. Let's kick off with the big picture stuff. 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. Read more: Exclusive: Etihad's Tony Douglas discusses recovery, record profits, and change There will be an end to COVID. 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. and other data for a number of reasons, such as keeping FT Sites reliable and secure, PH: I'm right with you on that. 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). 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. At the age of years, Tony Douglas (businessman) weight not available right now. 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. Sign up for our Middle East newsletter and follow us @middleeast fornews on the region. 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. TD: I think back to the earlier comments, the demand for leisure and as well as leisure, people reconnecting with family and loved ones is where we've seen such a surge as restrictions have eased. 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. Even pre-pandemic for Etihad every three or four weeks wed do a big deep dive in terms of adjustments to our network. Hogan's departure was announced in January. Network Planning was almost like an annual cycle as part of next years budget. I think there's probably an important balance here to look at the carrot side of it. To put it into context, we've already had over 3,000 members of the Etihad family on their third booster. ($1 = 0.7445 pounds). By clicking Sign up, you agree to receive marketing emails from Insider 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 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. Please get your facts right! Douglas served as group CEO at Etihad Aviation Group from January 2018 and led the airlines turnaround by optimising costs, streamlining processes and its travel network. We use cookies to optimize our website and our service. Of course, when you're talking about having all your cabin crew vaccinated and that other staff, this is something that's still controversial in many parts of the world, notably the US. Etihad is a UAE company which uses the UAE currency (Dirhams AED). Please only use it for a guidance and Etihad Airways's actual income may vary a lot from the dollar amount shown above. Stay up to date with what you want to know. Executive Director; Our Team; Research. 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 improve in-flight efficiency. 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. Darryl Hinton Back to Greenliner, and we've also been involved with Boeing on ecoDemonstrator flights. The example, the fun one that I talked about earlier would be if you and I were travelling today from Abu Dhabi, let's say to New York, from both here at Abu Dhabi, and let's imagine it was one of the other locations within the region. For a full comparison of Standard and Premium Digital, click here. 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. NASA, the North American Space Agency, people would probably be thinking, why would they be working with NASA? 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 . Are things going to be opening up? 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? After its ownership was transferred to Abu Dhabi Wealth fund ADQ, UAE flag carrier Etihad Airways appointed Antonoaldo Neves the former chief of TAP Air Portugal as the new group CEO, succeeding Tony Douglas, who took on a new role to head Saudi Arabia's new $30 billion national carrier, RIA, Arabian Business . 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. Bloomberg Markets Asia. It's around an international collaboration, which over time will crack this one.. The airline group is also looking for a new chief financial officer. 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.
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