document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. Check Out: Tim Clark of Emir ate net worth. As mentioned above, Etihad has gone from a CEO who lit money on fire, to one who ran the airline in a very disciplined way. RIA will be much more lax in that regard, based in Riyadh, and focused on tourism. Whether the Etihad Airways Airbus A380 fleet will fly again remains undecided due to brand and sustainability issues imposed by the aircraft, the 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. 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 Published Sep 23, 2022. If you continue to use this site we will assume that you are happy with it. Tony Douglass tenure at Etihad Airways has been focused on minimizing losses at the airline. Douglas was educated at Wigan Road Comprehensive School in Ormskirk and started his career as an apprentice toolmaker at General Motors in 1979. Given the budgetary pressures over the next few years, one could question whether Douglas had the resolve and stamina to drive the reform program [at DE&S] in a tough economic climate, said Alex Ashbourne-Walmsley, a director at Ashbourne Strategic Consulting in London. 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. We don't have much information about He's past relationship and any previous engaged. Discover more aviation news with Simple Flying. You may change or cancel your subscription or trial at any time online. Douglass salary, including a performance bonus, amounts to 530,000 little more than a university chancellor in the U.K. these days. Douglas went on to be Chief Operating Officer at Laing ORourke in August 2007. It also wants to bring some 300 million tourists to the country per year - an increase of around six times from 2019's tourism numbers. Outside of banner ads published through the Boarding Area network, this compensation does not impact how and where products appear on this site. Tony Douglas is a British businessman. Etihad Airways expects the list of travel corridors between countries to grow this summer as the pace of Covid-19 vaccinations accelerates, herd immunity strengthens and rapid testing technology improves, its chief executive said. Etihad Airways' former CEO Tony Douglas has quit his role as CEO of Saudi Arabian airline RIA just two months into his new position. [12], In 2022, Tony and his Emirates Airlines counterpart applied for UAE natonality and was granted it.[13]. Simple as that. It is further noted that other Etihad senior executives could be tempted to leave alongside Douglas. Shutterstock. The publication first reported the news that Douglas have been poached by RIA. I wouldnt want to invest in that airline, but I sure did enjoy flying with the airline. Its not surprising to see that he accepted the offer, given how much Saudi Arabia is presumably willing to pay. I think something was mentioned about this in a previous article. Apart from a rumored order of 40 Airbus A350s in October 2022, details of the airline are scarce. Was American Airlines the only profitable US airline in Q1 2023. Im very curious to see who ends up at the helm of Etihad. His primary source of income is from his working career as a Business executive. 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. Will German purchase of Boeing Chinooks relieve pressure on US Army? 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. Etihad declined to comment, while PIF did not respond to our request for comment. Etihad Airways' former CEO Tony Douglas has quit his role as CEO of Saudi Arabian airline RIA just two months into his new position. As a passionate traveler based across the Middle East and East Asia, Luke offers strong insights into the travel and aviation industry. Up until recently I wondered how serious the whole RIA concept was. Advertiser Disclosure: Some links to credit cards and other products on this website will earn an affiliate commission. 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. Abu Dhabis Midfield Terminal was built under Tony Douglas watch, and we have seen what came out of that. In all, Saudi Arabia plans to invest some $100 billion into aviation, some of which will be swallowed up by these new airlines, while money will also be spent on improving facilities such as air traffic control, and investing in new technologies such as eVTOLs. He is a member of famous with the age 60 years old group. Douglas joined RIA in September 2022. Cant imagine a dry Emirates. Also, Ive now heard of multiple people who are leaving their established, senior jobs at other airlines, to work at this startup. 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). 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. He will be missed, but his legacy of turning around a struggling airline will persist for a long time to come. 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. The new chief executive doesnt have any prior experience working at an airline but does come with years of experience in the aviation industry. 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. Learn how your comment data is processed. We support credit card, debit card and PayPal payments. The new airlines are planned to occupy different niches from each other, and won't compete directly with Saudia. Wait isn't that what RIA objective is all about? He is not dating anyone. His first-ever airline job was at Etihad, and his job was to shrink the airline to profitability. Based in the United Kingdom, Tony Douglas left Etihad to lead Saudi Arabian startup RIA, 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, Predecessor To Today's Giants: The Story Of Malayan Airways. 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. Etihad Airways staff have taken salary cuts up to 50 percent as the coronavirus pandemic continues, local media reports said. WebGroup CEO Tony Douglas shares an update on Etihad's continuing efforts: We are going to go absolutely out of our way to make sure that we can reassure you.. | 82 comments on LinkedIn Tony Douglas is a British businessman. Do you see the airline becoming a major player on the global scene in the coming years? The MoD only recently agreed to spending plans for the financial year 2017/2018, which began in April. Opinions expressed here are the authors alone, and have not been reviewed, approved or otherwise endorsed by any of these entities. His net worth has been growing significantly in 2022-2023. Abu Dhabi, UAE Tony Douglas, Group Chief Executive Officer, Etihad Aviation Group, received his first dose of the Sinopharm COVID-19 vaccine today at The reports from Arabian Business remain unconfirmed by either Etihad or PIF. Tony Douglas's net worth 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. 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. EU nations quarrel over where to buy fresh ammo for Ukraine. WebTony Douglas net worth is estimated at around $12 million. 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. It is reported that this is the first time in the history of Etihad Airways that the airlines has suspended all passenger operations. 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. He is from British. and other data for a number of reasons, such as keeping FT Sites reliable and secure, So you want the guy who undo that to undo RIA before it even takes off? If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for $69 per month. We recommend you to check the complete list of Famous People born on . university 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. He is one of the richest and influential businessmen in United Kingdom. Notify me of follow-up comments by email. 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). He has also held senior positions with airport operator BAA. Sign In; Register; NEWS; PODCASTS; NFL. Douglas has been with Etihad since 2018, and has been instrumental in turning around the fortunes of the airline. What Douglas also has going for him is experience with aviation in the region. WebFind out what works well at Etihad Airways from the people who know best. We are delighted to have Tony return to Abu Dhabi to lead Etihad, commented His Excellency AlMazrouei, the chairman of Etihad Aviation Group. 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. 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At 60 years old, Tony Douglas height not available right now. Gulf airlines have been hit by the slump in oil prices, Tony Douglas net worth is estimated at around $12 million. [9] The reports were neither confirmed nor denied by either Etihad or the Saudi Public Investment Fund (PIF). Peter Luff, the ex-Conservative government defense procurement minister, said it might take some time to recruit a replacement for Douglas if the appointment is made from the commercial sector rather than internally. Just a point of correction - Tony Douglas never worked for "British Airports Authority" - that entity ceased to exist in 1986 and Tony joined "BAA plc" (where BAA didn't stand for anything) in 1998. 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. As Simple Flying reported in September, Tony Douglas left Etihad to lead Saudi Arabian startup RIA, which holds ambitious plans to rival the big three in the Middle East - Emirates, Etihad Airways, and Qatar Airways. Will the newest CEO keep that vision going, or will the airline find a happy medium? Let us know in the comments. 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. Pascal Picano, Avia Solutions Group, Turkish evacuation plane hit by bullet fired by paramilitaries, say Sudan army, New Saudi Arabia Airline RIA eyes Etihads Tony Douglas as CEO: report, Saudi Arabia to order 40 A350s for new national airline RIA: Reuters, Saudi Arabia to set up third new global airline alongside RIA, Saudia: report, Man ducks on runway to avoid being struck by landing private plane: video, Southwest Airlines plans to spend $2.3 billion on new 737 MAX aircraft in 2023, Lufthansa adds A380 to LAX, Bangkok routes; commences Bangalore, Hyderabad flights, COMAC receives orders for 60 C919 and 40 ARJ21s from HNA Aviation Group. Industry sources say Douglas who has been in charge of Etihad since January 2018 is RIAs top choice.