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. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. 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. 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. In 2014, Etihad bought 49 percent of. Douglas will join the company in January 2018. He inherited an airline with a core loss of $-1.6 billion. 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. Decision Analytics Subscribe Video Library Media, WebinarsPrivacy Policy Terms and Conditions Data Access Request. Douglas, the press release said. Prior to TAP he was president of Azul Airlines in Brazil, where he led the company to IPO in New York. Today you can go on to Etihad.com and if you want to book 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. 6mo. We were the first airline in the world to have a 100% vaccinated cabin crew and flight crew. I think the trick to this is to make sure that one has a blend of propositions that give choice to the marketplace. Stay up to date with what you want to know. Learn how your comment data is processed. As were entering our next phase of sustainable growth, we are confident that Antonoaldo will build on Tonys legacy. Read more: Exclusive: Etihad's Tony Douglas discusses recovery, record profits, and change Doing all of that, expecting that over time, as vaccine curves get more mature and therefore travel restrictions start to ease, we're best placed to be able to capitalise upon it. At the end of 2019 I remember almost thinking naively what could possibly go wrong?. Tony Douglas, Etihad's Group Chief Executive Officer, takes COVID-19 We did it because we fully anticipated that as the pandemic starts to ease there will be of course, a residual anxiety with the travelling community. Antony 'Tony' Douglas, 59, has been the CEO of Etihad Airways since 2018. Douglas's history in Abu Dhabi "is likely to be significant in providing a sense of trust by the owners," aviation consultant John Strickland told Reuters. 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. In terms of corporate travel, I think everybody's well aware that that is heavily suppressed and is likely to be so for some time, but here's the interesting point, I think. They were optimised, of course, for shorter haul, propeller-powered flight. 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. The IMF reached a staff-level agreement with Lebanon in April 2022 for a $3 billion loan programme to tackle its financial crisis. 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. Sustainability50, which carries a unique livery in recognition of the 50th anniversary of the federation of the UAE and Etihad's commitment to net-zero carbon emissions by 2050. Some of the key highlights can be found below. Chairman Mohamed Mubarak Fadhel al-Mazrouei said Douglas was "keenly familiar with Etihads challenges and opportunities in a rapidly changing industry. 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"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.". Leadership Learn How much net worth Tony Douglas is in this year and how he spend his expenses? Stay informed and spot emerging risks and opportunities with independent global reporting, expert PH: I'm right with you on that. 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. I think, equally, this will force many operators to have to rethink their business model. Some of that's around the use of smarter technology, so machine learning, artificial intelligence. The whole thing is coordinated in a very, very easy to operate fashion, using smart apps on people's phones, which corresponds to their vaccination and or PCR status. But progress on [], Turkeys tourism revenue rose 33 percent in the first quarter of 2023 to $8.69 billion, driven by a surge in foreign arrivals, said Turkish Statistical Institute (TurkStat) in a report. Tourism revenue is paramount for the government to reduce the current account deficit to tackle high inflation and interest rates, Daily Sabah newspaper said. Here we are updating just estimated networth of Tony Douglas (businessman) salary, income and assets. Billions of RIyals, really? Net zero is 'biggest challenge' for aviation: Etihad CEO Thomas Pallini. tony douglas etihad net worthmoving to ontario from another province health card. Last year, the International Air Transport Association pledged carbon neutrality by 2050, which is also a target of the United Arab Emirates and several other countries. Some of the demonstration flights we've done from here, from Abu Dhabi into Amsterdam and from here, from Abu Dhabi into Brooklyn, we've been able to take at least 40 minutes out of the flight time and reduce the CO2 content by around six tonnes, which when you think about it is incredible, when we're just looking at optimising the way in which we fly. With a core operating profit of $296 milliondespite an almost 60% increase in fuel costs, in comparison to the same period last year," Douglas says, attributing the "incredible achievement," to the hard work and commitment of the "Etihad family.". Please only use it for a guidance and Etihad Airways's actual income may vary a lot from the dollar amount shown above. Exxon Mobil Corp is not giving up on oil exploration in Brazil, the company's country chief Alberto Ferrin said on Monday during the Offshore Technology Conference (OTC) in Houston. Etihad Wellness as a product has eliminated many of the touch points inside the aircraft. How we work with traffic controllers and regulators, to be able to get controlled climbs and continuous descent happen. I really enjoyed this and there's some very interesting facts in there. 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. He has also held senior positions with airport operator BAA, and as Chief Operating Officer and Group Chief Executive designate of Laing ORourke. Etihad Airways, the national airline of the UAE, expects to make profit at the end of its turnaround plan in 2023, its chief commercial officer said. It was a plan that we concluded just over two years ago and today we're operational with Air Arabia Abu Dhabi and that's a critical component for us operating here on narrowbody, within the GCC and into Eastern Europe and the Indian subcontinent. Executive Director; Our Team; Research. We're working with everybody who can coordinate and contribute to this particular challenge. 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. See here for a complete list of exchanges and delays. I honestly believe Abu Dhabi has been one of the best led places in the world in dealing with this pandemic. 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. I actually think that's a good thing, not just for us as a leaner, more agile organisation, but again, for the travelling community, our guests.. ", - SAFs: "sustainable aviation fuels are in excess of two and a half times more expensive than conventional aviation fuels at the moment, unless the economics of this can be resolved it clearly isn't going to be a commercially sustainable part of the solution. 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. 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. 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. We're doing quite a bit at the moment on optimising contrails for example. 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 . Power Letters 2021: Tony Douglas, CEO, Etihad Aviation Group 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. Etihad Searching For New CEO As Tony Douglas To Lead Saudi Arabian 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. New Saudi Arabia Airline RIA eyes Etihad's Tony Douglas as CEO: report The Big Talk: Etihad Aviation Group CEO, Tony Douglas on recovery He will replace long-time CEO, James Hogan. We're working with the producers, with the scientists that sit behind alternative aviation fuels both on SAF's as we see it today with the efuel, the hydrogen component solutions and we're using both the Greenliner and working again with Boeing on other projects to see how we can continue to experiment with those kind of options. 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. Let's kick off with the big picture stuff. Whilst I stress that the Etihad brand will continue to be one that differentiates around the quality of its service and in particular the way in which its Wellness proposition will give you that sense of assuredness. For a full comparison of Standard and Premium Digital, click here. Etihad continues to invest in the US market with increased flights REUTERS/Christopher Pike/File Photo. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for 65 per month. With that said, back to focusing on cargo in a very focused fashion, looking at fundamentally redesigning our in-cabin experience around Etihad Wellness as a product, and maybe I'll come back to that later on. Etihad parked its entire fleet for three months in the springof 2020 and resumed flying in June with a skeleton network, heavily relying on cargo. Saudi Arabia's new global airline RIA has approached Etihad's Tony Douglas to be its new CEO, Arabian Business understands. He serves as the CEO of Riyadh Air, a Saudi Public Investment Fund subsidiary. "we were the first airline in the world to be fully . 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He has been the CEO of Etihad Airways since January 2018. previously, he 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). Douglas - who has been in charge of the UAE national carrier since 2018 - could take the helm later this year. Today we find it's a heavy degree of art and a little bit of science. by Richard Schuurman | Oct 20, 2022 | Aerospace | 2 comments. 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. Etihad Airways to be profitable by 2023 - The National Etihad walked out, having lost hundreds of millions on Alitalia in just four years. Talking at the CAPA Live on 8-Sep-2021, Etihad Group CEO Tony Douglas spoke with CAPA's chairman emeritus Peter Harbison. Douglas will likely face the daunting task of deciding what to do with what remains of Etihad's sprawling investments in foreign airlines Virgin Australia, Air Seychelles, Air Serbia, and India's Jet Airways. This 'Money Pit' Airline Says It's Finally Set Up To - Forbes A Message from Group CEO Tony Douglas | Etihad Airways ($1 = 0.7445 pounds). The error has been corrected, Your email address will not be published. Your email address will not be published. I think this plays well to the way in which international tourism will be able to come back with confidence. 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. So, how much is Tony Douglas (businessman) networth at the age of years old? Compare Standard and Premium Digital here. He has been the CEO of Etihad Airways since January 2018. . 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%. The new airline is expected to appoint Briton Tony Douglas as its chief executive officer. Etihad further improved its results and reduces its loss to $-0.87 billion in 2019. It's still very difficult. Etihad's Tony Douglas agrees to join new Saudi airline RIA By clicking Sign up, you agree to receive marketing emails from Insider organisation Tony Douglas, Etihad's chief executive officer, told Insider at the Dubai Airshow in November that airlines will soon compete on environmental performance, and those that aren't making. And then came the Covid years. What's the demand looking like and touching on corporate travel demand at the end of that? Sign up for our Middle East newsletter and follow us @middleeast fornews on the region. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. 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. The definition of business class, as we're all very familiar with it in the aviation business, is whilst there's not as many business people travelling with Etihad at the moment, or anybody else for that matter, what we've seen is a significant trade off of the percentage of tickets sold into business class. To put it into context, we've already had over 3,000 members of the Etihad family on their third booster. We recommend you to check the complete list of Famous businessman. From January 2023, he will add a part-time role with Dutch website and magazine Luchtvaartnieuws. In terms of sustainability, Douglas. 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? Discover Tony Douglas (businessman)s Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Net zero must be 'at the very top of the agenda' for industry as well as government, Etihad CEO Tony Douglas has told AGBI. This is an extremely well-coordinated environment, not just in terms of Etihad Wellness, but the way in which that corresponds with the arrival and departure process within the airport, the way in which it coordinates with the leisure industry, with the hotels, the way in which it coordinates with lifestyle, be that entertainment, be that the way in which we go and shop in the supermarkets, etc. The future of aviation is sustainable | Paid for and posted by Etihad his net worth has been growing significantly in 2021-2022. 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. 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.. Furthermore, Douglas affirms that sustainability will continue to be a key priority . personalising content and ads, providing social media features and to Etihad again, for example, 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 with logistics and the economics of it, in order to be able to accelerate the distribution thereof. Thanks for coming along and talking to today. 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. The smallest of Abu Dhabi's three main sovereign wealth funds, ADQ has emerged as one of the region's most active dealmakers. And who would qualify better for the job than Douglas? 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