tony douglas etihad net worth tony douglas etihad net worth

Etihad has already said it would no longer financially support Air Berlin and Italy's Alitalia, two of its prized investments. 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. 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. Compare Standard and Premium Digital here. by Richard Schuurman | Oct 20, 2022 | Aerospace | 2 comments. Discover Tony Douglas (businessman)s Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. 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. 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. 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. It comes to, as many of us would be aware of, that the air traffic controlled designated flight paths that are in the skies above us all, for me are almost analogous of the Roman roads, ie, that were laid down in a particular point in history, when of course commercial aviation didn't operate anything like it doesn't today. Also learn about how he is rich at the age of 49 years old? Please get your facts right! Neves was CEO and a board member of TAP, Portugal's national carrier, from July 2017 to September 2020, according to his LinkedIn. They were optimised, of course, for shorter haul, propeller-powered flight. It's clearly part of a solution to a terrible pandemic and it's also part of the way of breaking the cycle, by giving the people the confidence on the way in which they're served when they're onboard, when they're with Etihad, introduces no risk to their personal wellbeing. Douglas, under whose tenure Etihad trimmed its ambitions and started reorganising as a mid-sized carrier focused on point-to-point traffic, said he was proud to have served as chief executive. Neves will replace Tony Douglas, who has decided to pursue an opportunity elsewhere . I'll perhaps come back to that if I may, in a moment. His primary source of income is from his working career as a Business executive. How we work with traffic controllers and regulators, to be able to get controlled climbs and continuous descent happen. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. Under Hogan, the carrier had expanded quickly in size and costly partnerships. This site uses cookies to provide a better user experience. The transformation was much needed to make Etihad profitable. Arabian Business reported that RIA is also trying to lure away two other Etihad executives. It's not all about big initiatives, it's how one collects all of the small ones to help contribute as well. The technical storage or access that is used exclusively for statistical purposes. tony douglas etihad net worth June 16, 2022 . We had a very strong year of recovery, and I can remember to be honest, at the end of '19, almost thinking naively, what could possibly go wrong? 0. Douglas previously served as chief executive of Abu Dhabi Airports Company from 2013 to 2015. "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.". Keep abreast of significant corporate, financial and political developments around the world. And who would qualify better for the job than Douglas? 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 . PH: Tony, you're predominantly a hub carrier, I presume that's still the case. 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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. 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). Executive Director; Our Team; Research. As part of Etihad Wellness, the airline introduced the Covid-19 global wellness insurance for all its guests 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. Etihad entered 2022 with a record breaking first-half operating profit of $296 million. We were the first airline in the world to have a 100% vaccinated cabin crew and flight crew. 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.". 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. 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. cookies Are things going to be opening up? The new airline is expected to appoint Briton Tony Douglas as its chief executive officer. Even pre-pandemic for Etihad every three or four weeks wed do a big deep dive in terms of adjustments to our network. articles a month for anyone to read, even non-subscribers. Your email address will not be published. To put it into perspective, what we've observed here 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%. In 2017, the German low-cost airline went bust. ", - 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. Hogan's departure was announced in January. Abu Dhabi, UAE - Tony Douglas, Group Chief Executive Officer, Etihad Aviation Group, received his first dose of the Sinopharm COVID-19 vaccine today at Etihad Airways Medical Centre. 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 . 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. 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. In 2019 we handled over 70 million passengers. It's still very difficult. 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). AirInsight is the boutique aerospace media and analysis team and part of AirInsight Group LLC. 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. REUTERS/Christopher Pike/File Photo. 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. 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. 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. I think, equally, this will force many operators to have to rethink their business model. 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. 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. 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. By February, the companys carrier Etihad Airways completed the vaccination of 100% of its on-board crew. 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. 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. 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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 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. We thank Tony for all the hard work he has delivered. In his first year 2018, at the helm, Douglas succeeded in cutting the loss to $-1.28 billion. it has hired former Etihad CEO Tony Douglas to . . He has also held senior positions with airport operator BAA, and as Chief Operating Officer and Group Chief Executive designate of Laing ORourke. As it transformed, so did Etihads ownership. Im excited to embark on this new role and build on the solid foundation left by Tony and the management team. Top editors give you the stories you want delivered right to your inbox each weekday. Copyright 2023. 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. 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. 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. What we've tried to do is capitalise on the old clich of never waste a good crisis. 2007-2020 AirInsight Group LLC. 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. 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. You simply wouldn't experience that here in Abu Dhabi. In 2014, Etihad bought 49 percent ofAlitalia for $1.92 billion, but as losses continued, Hogan said in 2017 he had enough. He inherited an airline with a core loss of $-1.6 billion. All rights reserved. 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. Firstly, vaccination curves increasing in many countries, a corresponding slight easing in travel restrictions that followed. CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets. 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. Tony Douglas, Group Chief Executive Officer, Etihad Aviation Group. To put it into context, we've already had over 3,000 members of the Etihad family on their third booster. 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. 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. Its almost a daily dynamic activity right now. 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.. I really enjoyed this and there's some very interesting facts in there. Talking at the CAPA Live on 8-Sep-2021, Etihad Group CEO Tony Douglas spoke with CAPAs chairman emeritus Peter Harbison. 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. Among other issues, Mr Douglas talked of the importance o: - " Etihad Wellness" in attracting business class sales. We're working with everybody who can coordinate and contribute to this particular challenge. It's been holistic and all encompassing and public health, wellbeing has been priority number one by some distance. Let's kick off with the big picture stuff. organisation Former boss of Portuguese airline TAP named Etihad Aviation Group CEO after ADQ transfer Antonoaldo Neves succeeds Tony Douglas, who has decided to pursue an opportunity elsewhere Etihad reported a record first-half profit as demand for long-haul travel recovered with the easing of Covid-19 restrictions. 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. 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. . The transformation was much needed to make Etihad profitable. Tony Douglas is a British businessman. Interview with Etihad Group CEO Tony Douglas. 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. 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. Revenue management used to be a heavy degree of science and a sprinkle of art. 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. For cost savings, you can change your plan at any time online in the Settings & Account section. 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. Sustainability is indeed the other legacy that Tony Douglas leaves behind at Etihad. By clicking Sign up, you agree to receive marketing emails from Insider To put it into contrast, 2019, we handled over 70-million passengers with Etihad. All Rights Reserved. Tony Douglas is a phenomenal celebrity influencer. It's been holistic and all encompassing and public health, wellbeing has been priority number one by some distance. Talking at the CAPA Live on 8-Sep-2021, Etihad Group CEO Tony Douglas spoke with CAPA's chairman emeritus Peter Harbison. Etihad further improved its results and reduces its loss to $-0.87 billion in 2019. He previously served as the CEO of Etihad Airways from January 2018 to October 2022. Douglas joined the group in 2018 and has around two decades of experience in transportation, infrastructure, and government sectors. I think this plays well to the way in which international tourism will be able to come back with confidence. Some of that's around the use of smarter technology, so machine learning, artificial intelligence. Richard has been contributing to AirInsight since December 2018. Tony Douglas-0929. 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. Even pre-pandemic for us at Etihad, it tended to be, every three or four weeks we'd do a big deep dive in terms of any adjustments to our network.