He is not dating anyone. Its not surprising to see that he accepted the Etihad He has also led Abu Dhabi seaport as its chief executive in the past. Whether the Etihad Airways Airbus A380 fleet will fly again remains undecided due to brand and sustainability issues imposed by the aircraft, the It's a smart move by MbS, and Douglas gets the Benefit having seen the missteps of Emirates, QA, his own predecessor, in creating RIA from ground up, clean slate. Etihad Airways' former CEO Tony Douglas has quit his role as CEO of Saudi Arabian airline RIA just two months into his new position. Citing industry sources, the publication reports that Douglas has already informed Etihad shareholders of his decision to leave, and that the airline has instructed consulting firm Korn Ferry to find a replacement. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. Premium access for businesses and educational institutions. Tony Douglas net worth is estimated at around $12 million. However, the CEO says he will stay on at the Abu Dhabi carrier until a suitable replacement can be found. Managing Editor - Joanna has worked in publishing for more than a decade and is fast becoming a go-to source for commercial aviation analysis. So you want the guy who undo that to undo RIA before it even takes off? I am personally very grateful for the help and support Tony has provided to me personally. Etihad Airways announced in October 2017 that they had appointed Douglas Group Chief Executive Officer with effect from January 2018. However, one executive said that may not entirely explain his departure. Etihad Airways cuts staff and executives salaries up to 50% Douglas left his role as CEO at Etihad after over four years at the helm and is credited with implementing successful cost-cutting strategies to reduce the airline's huge losses. Projections are that it will have a fully profitable year - no mean feat given the high costs of aviation fuel across the industry at present. Abu Dhabi, UAE Tony Douglas, Group Chief Executive Officer, Etihad Aviation Group, received his first dose of the Sinopharm COVID-19 vaccine today at Web2018. We will update Tony Douglas's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible. He also previously served as chief executive of Abu Dhabi Airports Company (20132015), and as chief executive of Defence Equipment and Support department in the United Kingdom's Ministry of Defence (20152017). He joined British Aerospace in their regional jet production facilities in 1990, became manufacturing and logistics director at Kenwood plc in 1996 and then joined BAA plc in 1998 becoming Group Supply Chain Director, then Group Technical Director, then Managing Director of Heathrow Terminal 5 and finally Chief Executive of Heathrow Airport. The comments on this page have not been provided, reviewed, approved or otherwise endorsed by any advertiser, and it is not an advertiser's responsibility to ensure posts and/or questions are answered. [8], In September 2022, it was reported that Douglas had accepted an offer to join the board of RIA Airlines, a planned Saudi national carrier to be based out of planned city Neom, aiming to launch operations in late 2022. It could be difficult to find someone of sufficient caliber, even at the present salary, he said. The DE&S boss is the highest-paid official in the British government and is responsible for managing the Ministry of Defences 15 billion (U.S. $20 billion) a year procurement and support budget. SAUDIA, previously known as Saudi Arabian Airlines, is based in Jeddahs King Abdulaziz International Airport (JED). He has been the CEO of Etihad Airways since January 2018. previously, he served as chief executive of Abu Dhabi Airports Company (20132015), and as chief executive of Defence Equipment and Support department in the United Kingdom's Ministry of Defence (20152017). Abu Dhabis Sovereign Wealth Fund Takes Control of Etihad Airways and CEO Tony Douglas Confirms He is Leaving Airline by Mateusz Maszczynski. As reported by Bloomberg yesterday, Etihad has already begun the process of headhunting for the top job. Apumone 2023 All Rights Reserved -DMCA protected. He is responding to an unexpected opportunity in the private sector, which he has decided to pursue, and I would not want to stand in his way from taking on that fresh challenge.. WebMr Douglas now faces the problem of charting a new course for the airline, which reported an annual loss of $1.87bn in 2016. WebFind out what works well at Etihad Airways from the people who know best. Added to that, he may not have wanted to be associated with what could happen in the defense review, said the executive, who spoke on condition of anonymity. We are delighted to have Tony return to Abu Dhabi to lead Etihad, commented His Excellency AlMazrouei, the chairman of Etihad Aviation Group. While the airline hasnt formally confirmed that Douglas has resigned, it seems pretty obvious at this point. Etihads previous CEO lit billions of dollars on fire, wanting to grow the airline into a mega-carrier that competed with Emirates and Qatar Airways, while also building a global alliance of airlines (most of which have gone out of business). Earlier, the airlines CEO Tony Douglas had said on Twitter that it will survive the impact of the pandemic. Douglas joined DE&S in September 2015 with the remit to push through a transformation program aimed at making the organization more effective and efficient. According to our Database, He has no children. Gammell took on the role when longtime CEO, James Hogan was unceremoniously ousted by Etihads leaders. Standard Digital includes access to a wealth of global news, analysis and expert opinion. At 60 years old, Tony Douglas height not available right now. Saudi Arabias new global airline RIA has approached Etihads Tony Douglas to be its new CEO, Arabian Business understands. WebEtihad Airways, however, isn't quite ready to fully close the door on its A380s. We have estimated During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. Douglass salary, including a performance bonus, amounts to 530,000 little more than a university chancellor in the U.K. these days. Etihad is a force in global aviation that must continue to adapt and evolve on its own and with industry partners, explained Douglas after being announced as the new Group chief executive. 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As Etihad looks to develop a new strategy, it has cut ties and funding with two of its failed investments Alitalia, which is still trying to find a new investor and airberlin, which is likely to be sold in parts to Germanys Lufthansa and Britains low-cost airline, easyJet. Shutterstock. Spearheading the ambitious turnaround plan for Etihad, he has led it through its trickiest years, optimizing the fleet, the operations, the staffing and the systems to put it in a good position for the future. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. Saudi Arabias mega-airline startup has allegedly poached Etihad Airways CEO Tony Douglas to start up the airline. We recommend you to check the complete list of Famous People born on . Sources close to Saudi Arabia's Public Investment Fund (PIF) told Arabian Business that Douglas was no longer involved with the airline, but neglected to explain the reason behind the departure. A visit from His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, who met His Excellency Mohamed Mubarak Fadhel Al Mazrouei - Chairman Etihad Aviation Group, Group CEO Tony Douglas and our Etihad pilots. WebCEO: Tony Douglas Founded: July 2003 2020 Turnover: $2.7 billion Fleet Size: Flying 18 million passengers annually to over 84 destinations with a fleet of 100+ Airbus and Boeing aircraft. Arabian Business is reporting that Saudi Arabias Public Investment Fund (PIF) has approached Etihad Airways CEO Tony Douglas to be CEO of Saudi Arabian airline startup RIA, and that he has accepted the role. Dubai: Tony Douglas has reasons to be pleased more so as hes been proved right. "Etihads previous CEO lit billions of dollars on fire, wanting to grow the airline into a mega-carrier that competed with Emirates and Qatar Airways". It made him the best-paid government employee in the UK with a salary that was double the amount the Prime Minister earns. [5][6][7], His tenure at Etihad Airways has been focused on minimizing losses at the airline. For New York JFK, Etihad's two daily services are primarily dominated by the Boeing 787-9. 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. It looks like he was made a job offer he couldnt refuse, but his going might have been made easier by the fact he appears to have had a difficult relationship with the MoDs permanent secretary. Sophie Chatel Net Worth 2023, Age, Husband, Children, Height, Family, Parents, Salary, Mel Arnold Net Worth 2023, Age, Wife, Children, Height, Family, Parents, Salary, Gary Anandasangaree Net Worth 2023, Age, Wife, Children, Height, Family, Parents, Salary. Providing commentary for outlets including the BBC, CNBC, Reuters Thomson, and others, she works closely with IATA, AviaDev, and various airlines and suppliers to get the inside track on the global marketplace. Its not surprising to see that he accepted the offer, given how much Saudi Arabia is presumably willing to pay. Gulf airlines have been hit by the slump in oil prices, View popular celebrities life details, birth signs and real ages. I think something was mentioned about this in a previous article. Where Is Etihad Sending Its Airbus A350-1000s This Month? UK defense chief to reveal Type 31e shipbuilding strategy, Connectivity will make or break US military use of AI, official says, How three space agencies are collaborating on next-gen missile warning, US Army to tailor long-range jammer for Europe, Indo-Pacific theaters, Testing of electronic warfare package for Armys AMPV expected in 2024, Space Force eyes outernet for better data flow in orbit, Your next tech and incoming AI | Defense News Weekly Full Episode 4.28.2023, Home Improvement Loans What are my options? * By using this form you agree with the storage and handling of your data by this website. He became Chief Executive of Defence Equipment and Support in September 2015. Prior to working at Etihad, Douglas was CEO of Abu Dhabi Airports Company, and prior to that he worked in senior positions at British Airports Authority (BAA). As first reported by Arabian Business, the experienced airline chief has left his new position as CEO of RIA after around two months. Mateusz Maszczynski honed his skills as an international flight attendant at the most prominent airline in the Middle East and has been flying throughout the COVID-19 pandemic for a well-known European airline. While I have a lot of respect for Douglas, I find him to be a somewhat curious choice for an airline startup thats looking to grow at a pace weve never seen before. CEO Tony Douglas told Insider at the Dubai Airshow in November that it's possible the aircraft will As reported in Arabian Business today, Douglas has accepted to the job offer. As per its latest announcement in November, RIA planned to launch before the end of 2022, but clearly this didn't materialize - the startup will now likely launch in the coming months. Tony Douglas is a British businessman. Douglas will leave a lasting legacy at Etihad. document.getElementById( "ak_js" ).setAttribute( "value", ( new Date() ).getTime() ); Anyone know about those scenes from the first few episodes of the show Cobra Kai where Miguel gets called Rhea? Your feedback is important in helping us keep our community safe. Mateusz Maszczynski honed his skills as an international flight attendant. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for $69 per month. The airline reported full-year results for 2020 on March 4. DE&S did not return That said, its staff and employees will continue to receive housing allowances and education assistance during the period and in the future, local media reports said. Editorial Disclosure: The editorial content on this page is not provided by any entity mentioned herein. Gain a global perspective on the US and go beyond with curated news and analysis from 600 and other data for a number of reasons, such as keeping FT Sites reliable and secure, If you ask me, Tony Douglas has done a great job at Etihad. Compare pay for popular Southwest Airlines has indicated that it is planning onaround$2.3 billions worth of aircraft capital spending throughout 2023. The publication first reported the news that Douglas have been poached by RIA. It had been reported a couple of weeks ago that new Saudi Arabian startup RIA wanted to headhunt Douglas for the top job, it seems the hunt has been fruitful. Tony Douglas is certainly good at pleasing local leaders, but I am not sure if he is the right choice for this job. RIA is a new Saudi Arabia startup, aiming to become the Emirates of Saudi Arabia, connecting the globe just like its Dubai neighbor began doing back in the mid-1980s. or We don't have much information about He's past relationship and any previous engaged. Winners of International Finance Awards 2019 for the EMEA Region Felicitated in Dubai, Mr. Scott Munden CEO of International Smart Card (ISC) at IFM Awards 2019, Mrs. Aye Figen Gardet Deputy General Manager of Gulf Sigorta at IFM Awards 2019, Mr. Johnson Abraham Chief Risk Officer from Phongsavanh Bank at IFM Awards 2019, Mr. Anthony Chin CEO of Maruhan Japan Bank, Lao at IFM Awards 2019, Mr Yogesh Sangle from MoneyGram HongKong at International Finance Awards 2017, Ms Surjawaty Tatang, President Director, PT Bank Ganesha Tbk at IF Awards 2017, Mr. Gregg Downer from Sharjah Asset Management at the International Finance Awards 2017, Mr. Trevor Torzsas CIBC FirstCaribbean, London Stock Exchange IFM 2018, Mr. Jamie Simmonds , CEO & MD, The Access Bank, UK at International Finance Awards 2018, International Finance Awards 2022, Dubai The 10th Edition, Revival of banking sector after COVID era, Crypto payments via social media: The new trend. Tony Douglas, group CEO of Etihad airways. Douglas is the second senior defense official to leave this month. You can still enjoy your subscription until the end of your current billing period. Im also curious to see who is appointed as the next CEO of Etihad. With an initial launch date of 2024 first pushed back to Q4 2022 and subsequently delayed, RIA will operate out of Riyadh, while current national airline SAUDIA is based out of Jeddah. I just wish the name to be something else than RIA. [9] The reports were neither confirmed nor denied by either Etihad or the Saudi Public Investment Fund (PIF). Most (but not all) senior executives in the region are otherwise (realistically) too old to start up this airline, or have too many national ties to a country to work in Saudi Arabia. Journalist - With 10 years of experience as a travel writer and aviation analyst, Luke has worked with industry-leaders including Skyscanner, KLM and HotelsCombined throughout his career. Douglas will be taking over from Ray Gammell, Etihads head of Human Resources who has been in the role of interim Group chief executive since May. Would be a big win to nab a future giant customer, would also help our trade imbalance with SA, and would help smooth over political tensions. Tony Douglas is a British businessman. There will be annoyance that hes gone because of the disruption and distraction this will cause, but it did not seem that there was much love lost on the parts of industry and senior MoD officials, she added. WebMr Douglas, who took the helm at Etihad Aviation Group since January 2018, has decided to pursue an opportunity elsewhere, Abu Dhabi's ADQ said in a statement on Wednesday. Prior to appointing a CEO, a source at the airline told Arabian Business that "whoever takes this job will have to deliver the most ambitious targets you can imagine.". . Most helpful comments ( as chosen by the OMAAT community ). [3] After that he became Chief Executive of the Abu Dhabi Ports Company (in which role he led the Khalifa Port and Industrial Zone project) in June 2010[4] and Chief Executive of Abu Dhabi Airports Company in 2013. Boeing needs a new cash paying customer, just like this. cookies As a passionate traveler based across the Middle East and East Asia, Luke offers strong insights into the travel and aviation industry. Gammell has previously spoken of the challenges facing Etihad and the need for the airline to carry out a programme of cost reductions in order to better compete with competitors. Read about Tony Douglas net worth, age, wife, children, height, family, parents, Etihad Airways, salary, businesses, assets as well as other information you need to know. His strategy is credited with pushing Etihad into a $1.87 billion USD loss for 2016. Douglas has worked to undo all of that, and shrink the airline to profitability. See more about our ethics policies here. A number of high-profile cutbacks have drawn ire from frequent flyers in the past year. Wait isn't that what RIA objective is all about? Douglas has also held senior positions with airport operator BAA, and as Chief Operating Officer and Group Chief Executive designate of Laing ORourke. He continued: He is also deeply knowledgeable about commercial aviation and keenly familiar with Etihads challenges and opportunities in a rapidly changing industry.. Etihad Airways today announced its business results for 2021, recording a strong recovery in passenger operations along with a significant improvement in financial performance, posting a much-reduced loss of US$ 476 It's a smart move by MbS, and Douglas gets the Benefit having seen the missteps of Emirates, QA, his own predecessor, in creating RIA from ground up, clean slate. Off the top of my head I can think of several qualified industry executives who have more experience with this kind of growth, but thats not to say Douglas doesnt know what hes doing. Industry sources say Douglas who has been in charge of Etihad since January 2018 is RIAs top choice. Let us know in the comments. How renewable energy is empowering women in rural Africa? offers FT membership to read for free. After that, he became Chief Executive of the Abu Dhabi Ports Company (in which role he led the Khalifa Port and Industrial Zone project) in June 2010 and Chief Executive of Abu Dhabi Airports Company. The story was reported by Arabian Business, citing sources close to the matter. His absence from most of the recent DSEI exhibition [in London] was surprising given the importance of the event to the MoD and the defense industry, she said. Will the airline's launch be further delayed by this setback? Since his appointment as CEO, he has managed to trim the losses by reducing total costs by $416 million to $6.9-billion. Etihad Airways turned profitable in the first quarter, according to chief executive officer Tony Douglas, who said its possible the Gulf carrier can post positive Get the inside scoop on jobs, salaries, top office locations, and CEO insights. It is being formed as part of Saudi Arabia's Vision 2030 tourism plan, which aims to increase the number of air routes connecting the country from the current 100 or so up to about 250. The Saudi PIF will invest at least $30 billion into the airline out of the total $100 billion to be invested indeveloping the aviation industry in Saudi Arabia, per the Saudi Vision 2030. Tony Douglas, the chief executive at the Defence Equipment and Support organization, is set to stand down at the end of this year, with an internal interim appointment expected while a successor is sought. Douglas joined RIA in September 2022. Tony Douglass salary per month with By Anil Bhoyrul and Matthew Amlot Thu 8 Sep 2022. Serving as the CEO of Etihad Airways since 2018, the executive oversaw the carriers attempts to become profitable once again, something it had failed to do between 2015 and H1 2022. What do you think about Tony Douglas' departure as CEO at Saudi Arabian startup RIA? The outlet said that at least three senior aviation figures have been approached by a head-hunting firm, although no specific names were mentioned and no employment contracts have been offered. Will the newest CEO keep that vision going, or will the airline find a happy medium? If you continue to use this site we will assume that you are happy with it. A couple of weeks ago there was a report that the airline was looking to poach a particular person to be CEO, and it looks like that was quest was successful. [12], In 2022, Tony and his Emirates Airlines counterpart applied for UAE natonality and was granted it.[13]. For a full comparison of Standard and Premium Digital, click here. It is reported that this is the first time in the history of Etihad Airways that the airlines has suspended all passenger operations. Last year, the speculation intensified when Etihad found itself with $4.7 billion in losses over three years, largely due to failed investments in other airlines and competition from rivals. As chief executive at Abu Dhabi airport, Douglas managed the early stages of the Midfield terminal project what will become Abu Dhabis brand new airport in the next few years. Having led the airline through the pandemic - aviation's worst crisis in history - Douglas has now seen the carrier posting its first half-year profit in a very long time. But thats probably wishful thinking. Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting. The new chief executive doesnt have any prior experience working at an airline but does come with years of experience in the aviation industry. Since the Saudi Arabia Public Investment Fund has been happy to throw around gobs of money to poach golfers away from the PGA Tour, I have to imagine that Douglas will have all the resources he could possibly need to get RIA off the ground. He became Chief Executive of Defence Equipment and Support in September 2015. . Unauthorized use and/or duplication of this material without express and written permission from this sites author and/or owner is strictly prohibited. His remarkable career achievements have earned some luxurious lifestyles and some fancy car trips. We recently learned about how Saudi Arabia is planning on launching a new mega-airline, which may be named RIA. The country is looking to invest $30 billion in the airline, and essentially create an airline the size of Emirates, only much faster. The British government picked Douglas to rescue what has been described as a botched reform programme which saw 22,000 soldiers axed from the armed Etihad Airways has today announced the appointment of a new Group chief executive Tony Douglas, the 54-year-old British executive will join the Abu Dhabi-based airline in January after being poached by the aviation group from his current role at the UKs Ministry of Defence (MOD). This move will help Etihad Airways to cope with the impact of the Coronavirus as the aviation industry has now taken a big hit. Tony Douglas was born on 1963 in British, is a British businessman. personalising content and ads, providing social media features and to He became Chief Executive of Defence Equipment and Support in September 2015. He previously served as chief executive of Abu Dhabi Airports Company (20132015), and as chief executive of the Defence Equipment and Support department in the United Kingdoms Ministry of Defence (20152017). Douglas has been with Etihad since 2018, and has been instrumental in turning around the fortunes of the airline. While we do try to list all the best miles and points deals, the site does not include all card companies or credit card offers available in the marketplace. Now, let me be clear I far preferred the 2014 Etihad that flew A380s, had The Residence, and spent millions of dollars to have Nicole Kidman in ads. He is a member of famous with the age 60 years old group. Published Sep 23, 2022. While RIA has not yet been officially launched, it is expected that the carrier, backed by Saudi Arabias Public Investment Fund (PIF), will be announced soon. Thats the first thing I thought about when I saw this new airlines name. Team Salary Caps; WebTony Douglas net worth is estimated at around $12 million. Douglas will allegedly stay on at Etihad until the end of the year, so that theres time for a replacement to be found.
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