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. Furthermore, Douglas affirms that sustainability will continue to be a key priority . All Rights Reserved. As we are entering our next phase of sustainable growth, we are confident that Antonoaldo will build on Tonys legacy. 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. Also learn about how he is rich at the age of 49 years old? All quotes delayed a minimum of 15 minutes. 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. To put it into contrast, 2019, we handled over 70-million passengers with Etihad. "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. ($1 = 0.7445 pounds). Home; About Us. 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. Executive Director; Our Team; Research. 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. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. 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. 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. 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. That probably leads us into why we thought Etihad Wellness was so important when we originally introduced it in the middle of last year. 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. Ray Gammell, who has served as interim group CEO since May will return to his position as Group Chief People & Performance Officer, Etihad said. 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. Neves was CEO and a board member of TAP, Portugal's national carrier, from July 2017 to September 2020, according to his LinkedIn. 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. Etihad Airways chief Tony Douglas said Tuesday achieving net-zero carbon emissions by 2050 poses the "biggest challenge" for commercial aviation, in a reality check for the industry. Etihad walked out, having lost hundreds of millions on Alitalia in just four years. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for 65 per month. 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. 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. We've been working with Boeing, with GE, with Safran, even NASA. Etihad appears to be in the market for a new airline CEO, as reports suggest current boss Tony Douglas is leaving the airline. I am confident that Etihad will prosper into new heights and continue its journey of sustainable growth.. 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. 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. Tony Douglas (businessman) is a British businessman. Live from Hong Kong, bringing you the most important global business and breaking markets news information as it happens. An Etihad Airbus A380 . 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.. 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. In 2017, the German low-cost airline went bust. Antony 'Tony' Douglas, 59, has been the CEO of Etihad Airways since 2018. He has been the CEO of Etihad Airways since January 2018. cookies Learn how your comment data is processed. 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. In 2021, the loss was down to $-476 million, thanks to a very strong second half in which Etihad recovered strongly. 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One is the Etihad Greenliner programme, which is a dedicated aircraft, it's a 787 and we operate with a wide number of partners, to use it essentially as a flying test-bed to maximise the performance in-flight and therefore the reduction of emissions, but there are many other initiatives that correspond to improving the overall sustainable performance of commercial aviation. (Etihad). There's more energy focused now into alternative fuel types, than frankly I can remember in my 30 years within aviation. 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. We will co-operate with them, we will support them, because we feel that relationships matter and there is a lot of business to go around [], Lebanon is not relying on International Monetary Fund cash to stay afloat, a government minister has told AGBI, as the tourism sector alone contributed $9 billion in revenue last year. Please scroll down to see information about Tony Douglas (businessman) Social media profiles. [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. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. Now, under that umbrella, and really the Greenliner is more of a persona, because we're using it as a call out to SMEs, to universities, quite frankly, 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. 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. by Richard Schuurman | Oct 20, 2022 | Aerospace | 2 comments. 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. Those are the sorts of things Etihad would never have thought about pre-pandemic. The airline group is also looking for a new chief financial officer. 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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. At the age of years, Tony Douglas (businessman) weight not available right now. 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). Interview with Etihad Group CEO Tony Douglas. Thomas Pallini. I think, equally, this will force many operators to have to rethink their business model. Arabian Business reported that RIA is also trying to lure away two other Etihad executives. Etihad Airways' Strategic Advisor and former Group CEO for the last five years, Tony Douglas, has worked in the aviation industry for over three decades. He has been the CEO of Etihad Airways since January 2018. It's still very difficult. We're doing quite a bit at the moment on optimising contrails for example. The error has been corrected, Your email address will not be published. In line with the countrys, Airbus makes autonomous take-offs a reality, Mitsubishi's SpaceJet more and more on the backburner. I think this plays well to the way in which international tourism will be able to come back with confidence. You can still enjoy your subscription until the end of your current billing period. TD: I'd like to hope there's not, because quite often taxation drives the wrong sort of behaviour. 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%. Billions of dirhams or dollars were flowing into alliances with Air Berlin, in which it bought a 29.2 percent stake in 2011. 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. 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. He serves as the CEO of Riyadh Air, a Saudi Public Investment Fund subsidiary. Douglas, Etihad's CEO since 2018, who ADQ said has decided to pursue another unspecified opportunity, will serve as an adviser to the board of ADQ Aviation and Aerospace Services Company, ADQ said in a statement. In 2022, he has gone full-time freelance. PIF is reportedly investing $30 billion in the new airline, which is expected to launch modestly with a narrowbody fleet and regional operations. Etihad is a UAE company which uses the UAE currency (Dirhams AED). 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). 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. Aviation is responsible for around 2.5 percent of global carbon dioxide emissions. 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? 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.
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