Tony Douglas 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. Its not surprising to see that he accepted the For the carrier's once-daily service to Dublin, you're much more likely to see the Boeing 787-10. 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 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. Tony Douglas was born on 1963 in British, is a British businessman. Also, it will face a negative impact on business operations. Learn how your comment data is processed. We support credit card, debit card and PayPal payments. Shutterstock. 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. Southwest Airlines has indicated that it is planning onaround$2.3 billions worth of aircraft capital spending throughout 2023. 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. He is one of the richest and influential businessmen in United Kingdom. Was American Airlines the only profitable US airline in Q1 2023. DE&S did not return He became Chief Executive of Defence Equipment and Support in September 2015. Etihad Airways cuts staff and executives salaries up to 50% It is unclear what is holding up the airline, but its extremely ambitious and rapid growth could be playing a part. RIA has yet to commence operations after committing to an end-of-2022 launch - the new carrier is a key part of Saudi Arabia's 'Vision 2030' and has its eye on scores of new aircraft, including a deal for 40 Airbus A350s and options for 40 more through sister airline SAUDIA. Standard Digital includes access to a wealth of global news, analysis and expert opinion. While the airline hasnt formally confirmed that Douglas has resigned, it seems pretty obvious at this point. He has nearly 20 years of experience in transportation, infrastructure and government sectors. Reports also suggest that several other senior officials at Etihad will follow Douglas to RIA. I just wish the name to be something else than RIA. During its initial launch, RIA will focus on establishing itself regionally with a fleet of Boeing 737 MAX and Airbus A320 aircraft, before a later expansion of its international network and long-haul fleet. The publication first reported the news that Douglas have been poached by RIA. Photo: Etihad Airways, the establishment of a leasing firm it calls AviLease, third airline to serve the planned mega city of Neom, Saudi Arabia plans to invest some $100 billion into aviation, posting its first half-year profit in a very long time, 3 Passengers Escorted Off Jetstar Flight Following Violent Encounter, 1st Asia Route: WestJet Begins Calgary To Tokyo Boeing 787 Flights, Eithad Airways Unveils New Boeing 787 Dreamliner Seats, Korean Air Unveils Special Boeing 777 Dedicated to Employees, Why Boeing Has Winglets And Airbus Has Sharklets, Qatar Airways Chief Welcomes New Saudi Carrier Riyadh Air. I wouldnt want to invest in that airline, but I sure did enjoy flying with the airline. Gammell took on the role when longtime CEO, James Hogan was unceremoniously ousted by Etihads leaders. 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). How much is Tony Douglas worth? 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. I had thought the CEO of AeroFlot would have been calling MbS non-stop to give him a compelling reason to flee VLAD without being pushed out a window. Etihad in particular has reined in its global ambitions, and Douglas was hired in late 2017 to oversee the carriers recovery from a failed expansion strategy. Since his appointment as CEO, he has managed to trim the losses by reducing total costs by $416-million to $6.9-billion. We want to reassure (that) afterwards when we all want to get back to our normal lives, we want to travel, Etihad will still be there to make sure its the best possible way that you can enjoy that experience, he said in the video posted on Etihad Airways Twitter channel. We recommend you to check the complete list of Famous People born on . Please view our advertising policy page for additional details about our partners. If Douglas is indeed planning to leave Etihad for RIA, his influence on the airline will stay for many years to come. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. Sign In; Register; NEWS; PODCASTS; NFL. How renewable energy is empowering women in rural Africa? His remarkable career achievements have earned some luxurious lifestyles and some fancy car trips. It is further noted that other Etihad senior executives could be tempted to leave alongside Douglas. It made him the best-paid government employee in the UK with a salary that was double the amount the Prime Minister earns. He has also held senior positions with airport operator BAA, and as Chief Operating Officer and Group Chief Executive designate of Laing ORourke. According, German flag carrier Lufthansa is launching its Airbus A380 to Los Angeles International Airport (LAX) and Bangkoks Suvarnabhumi, Commercial Aircraft Corporation of China (COMAC) has announced thata deal has been finalized with HNA Aviation Group for, As more and more United States (US)-based airlines announce their financial results for the first quarter of the, Ex-Etihad CEO Tony Douglas leavesSaudis RIA, Join a community of over 200 thousand subscribers who receive our daily newsletter, How a retired Boeing 737 was transformed into a private luxury villa in Bali, All-female crew simulates Mars trip in Utah, The ACMI business is just going to grow. 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The new airlines are planned to occupy different niches from each other, and won't compete directly with Saudia. A number of high-profile cutbacks have drawn ire from frequent flyers in the past year. [11], Douglas holds a Master of Business Administration (MBA) degree from Lancaster University. Defence Secretary Michael Fallon expressed gratitude for Douglas. WebMr Douglas now faces the problem of charting a new course for the airline, which reported an annual loss of $1.87bn in 2016. Would a dynamic, luxurious airline wish to be associated with one like that? Early in September, the governments defense and security export boss, Stephen Phipson, announced he was joining the engineering employers organization, the EEF, as CEO. Tony Douglas net worth is estimated at around $12 million. Any changes made can be done at any time and will become effective at the end of the trial period, allowing you to retain full access for 4 weeks, even if you downgrade or cancel. and other data for a number of reasons, such as keeping FT Sites reliable and secure, However, one executive said that may not entirely explain his departure. According to our Database, He has no children. Copyright 2023 paddleyourownkanoo.com All Rights Reserved. It has also been rumored that another carrier will be set up in the country, namely in Neom, a planned smart city in northwestern Saudi Arabia. Etihad Airways, the Abu Dhabi-based UAE airline, previously had announced plans to suspend all flights to and from the capital for two weeks. "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". Etihad appears to be in the market for a new airline CEO, as reports suggest current boss Tony Douglas is leaving the airline. RIA is a low comission money transferer operating already ib 160 countries. So you want the guy who undo that to undo RIA before it even takes off? Advertiser Disclosure: Some links to credit cards and other products on this website will earn an affiliate commission. As first reported by Arabian Business, the experienced airline chief has left his new position as CEO of RIA after around two months. Your email address will not be published. According to reports, hell stay on at Etihad until the end of the year, until a replacement can be found. Check Out: Ahmed bin Saeed Al Maktoum net worth. Douglas has been in charge of Etihad since January 2018. 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Tony Douglass salary per month with other career earnings is over $1 million dollars annually. Saudia will stay the "religious travel/hajj" airline for the country based in Jeddah. Bankrolled by the mega Public Investment Fund (PIF), one of the largest sovereign wealth funds in the world, RIA is just one element of Saudi Arabia's massive push on aviation and tourism. 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. Hogan pioneered the failed bid to turn Etihad into the worlds fourth airline alliance, buying minority stakes in a number of underperforming airlines around the world. Douglas pointed out that the situation is currently difficult. If you continue to use this site we will assume that you are happy with it. Douglas has worked to undo all of that, and shrink the airline to profitability. But thats probably wishful thinking. 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. For cost savings, you can change your plan at any time online in the Settings & Account section. Etihad Airways announced in October 2017 that they had appointed Douglas Group Chief Executive Officer with effect from January 2018. 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. 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. Etihad Airways announced in October 2017 that they had appointed Douglas Group Chief Executive Officer with effect from January 2018. The plane will take to the skies on March 31, Tony Douglas, chief executive of Etihad Aviation Group, said at the Bloomberg UAE Capital Markets Forum on Thursday. Industry executives and others said Douglas couldnt be faulted for returning to the commercial sector with Etihad, given the challenge and the likely huge salary hike associated with the Etihad post. Dubai: Tony Douglas has reasons to be pleased more so as hes been proved right. This move will help the airline to cope with the negative impact of the coronavirus pandemic. 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. So, how much is Tony Douglas worth at the age of 60 years old? Since his appointment as CEO, he has managed to trim the losses by reducing total costs by $416 million to $6.9-billion. 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). He has done a great job with controlling costs, and making some difficult decisions. 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 We don't have much information about He's past relationship and any previous engaged. How that strategy will be developed have not yet been announced. Will the newest CEO keep that vision going, or will the airline find a happy medium? No spam, just a weekly roundup of the best aviation news that you don't want to miss. Opinions expressed here are the authors alone, and have not been reviewed, approved or otherwise endorsed by any of these entities. 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. His net worth has been growing significantly in 2022-2023. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. LONDON Britains top defense procurement official has resigned after little more than two years in the post, and is heading to Abu Dhabi, United Arab Emirates, to run the Etihad Aviation Group. Thats the first thing I thought about when I saw this new airlines name. offers FT membership to read for free. Douglas will allegedly stay on at Etihad until the end of the year, so that theres time for a replacement to be found. The story was reported by Arabian Business, citing sources close to the matter. We use cookies to ensure that we give you the best experience on our website. Earlier, the airlines CEO Tony Douglas had said on Twitter that it will survive the impact of the pandemic. 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). The airline reported full-year results for 2020 on March 4. The new chief executive doesnt have any prior experience working at an airline but does come with years of experience in the aviation industry. As Etihad goes through its own massive reform programme, airline bosses will be hoping Douglas is the man to make it happen. As reported in Arabian Business today, Douglas has accepted to the job offer. No alcohol (champagne, wine etc) means no mega airline to compete with Emirates or Qatar. 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.

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