cookies Media reports have put the budget over commitment at anywhere between 10 billion and 30 billion over the life of the MoDs 10-year, 178 billion equipment plan. No spam, just a weekly roundup of the best aviation news that you don't want to miss. WebToney Douglas contract and salary cap details, contract breakdowns, dead money, and news. Saudi Arabias mega-airline startup has allegedly poached Etihad Airways CEO Tony Douglas to start up the airline. Copyright 2023 paddleyourownkanoo.com All Rights Reserved. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. As reported in Arabian Business today, Douglas has accepted to the job offer. Since his appointment as CEO, he has managed to trim the losses by reducing total costs by $416-million to $6.9-billion. "Ex O'Rourke boss Tony Douglas takes Abu Dhabi job", "Tony Douglas appointed Chief Executive Officer of Etihad Aviation Group", "Tony Douglas, Etihad Airways: Profile and Biography", "Abu Dhabi airline Etihad gets new CEO after wealth fund ADQ's takeover", "Plane talking: Etihad boss Tony Douglas", "Breaking News: Etihad's Tony Douglas to head Saudi Arabia's new airline RIA", "Etihad Searching For New CEO As Tony Douglas To Lead Saudi Arabian Startup RIA", "HRH Crown Prince Announces "Riyadh Air" New National Carrier to Further Expand Saudi Aviation Ecosystem Locally and Globally", "Former Real Madrid footballer among those issued expat UAE passports", https://en.wikipedia.org/w/index.php?title=Tony_Douglas_(businessman)&oldid=1151008182, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 21 April 2023, at 10:20. 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. If Douglas is indeed planning to leave Etihad for RIA, his influence on the airline will stay for many years to come. 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. Industry sources say Douglas who has been in charge of Etihad since January 2018 is RIAs top choice. DE&S did not return So, how much is Tony Douglas worth at the age of 60 years old? 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). Outside of banner ads published through the Boarding Area network, this compensation does not impact how and where products appear on this site. He became Chief Executive of Defence Equipment and Support in September 2015. The new chief executive doesnt have any prior experience working at an airline but does come with years of experience in the aviation industry. He joined organisation WebEtihad Airways, however, isn't quite ready to fully close the door on its A380s. What do you think about Tony Douglas' departure as CEO at Saudi Arabian startup RIA? 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). RIA is a low comission money transferer operating already ib 160 countries. Discover more aviation news with Simple Flying. 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. Its not surprising to see that he accepted the offer, given how much Saudi Arabia is presumably willing to pay. Tony Douglas is a British businessman. Douglas has been with Etihad since 2018, and has been instrumental in turning around the fortunes of the airline. 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. [12], In 2022, Tony and his Emirates Airlines counterpart applied for UAE natonality and was granted it.[13]. 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). 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. Abu Dhabis Sovereign Wealth Fund Takes Control of Etihad Airways and CEO Tony Douglas Confirms He is Leaving Airline by Mateusz Maszczynski. Will KSA allow this airline to serve alcohol? [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. 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. I am personally very grateful for the help and support Tony has provided to me personally. Saudia will stay the "religious travel/hajj" airline for the country based in Jeddah. 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. 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. Tony Douglas is a British businessman. 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. CAPA We support credit card, debit card and PayPal payments. 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. However, the CEO says he will stay on at the Abu Dhabi carrier until a suitable replacement can be found. Most helpful comments ( as chosen by the OMAAT community ). Sign In; Register; NEWS; PODCASTS; NFL. Also, it will face a negative impact on business operations. He will be missed, but his legacy of turning around a struggling airline will persist for a long time to come. How that strategy will be developed have not yet been announced. Douglas holds a Master of Business Administration (MBA) degree from Lancaster University. Douglas will allegedly stay on at Etihad until the end of the year, so that theres time for a replacement to be found. It is reported that this is the first time in the history of Etihad Airways that the airlines has suspended all passenger operations. offers FT membership to read for free. Cant imagine a dry Emirates. 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. 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. Etihad Airways announced in October 2017 that they had appointed Douglas Group Chief Executive Officer with effect from January 2018. According to reports, hell stay on at Etihad until the end of the year, until a replacement can be found. Do you see the airline becoming a major player on the global scene in the coming years? Defence Secretary Michael Fallon expressed gratitude for Douglas. 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. WebEtihad Airways Careers and Employment About the company CEO Tony Douglas 76% approve of Tony Douglas's performance Company size more than 10,000 Revenue You can still enjoy your subscription until the end of your current billing period. and other data for a number of reasons, such as keeping FT Sites reliable and secure, Douglas has not publicly confirmed whether he will be taking the helm at RIA, but Abu Dhabis ADQ investment fund announced on Wednesday that he would be leaving Etihad to pursue an opportunity elsewhere. It could be difficult to find someone of sufficient caliber, even at the present salary, he said. DE&S did not return telephone calls seeking comment. He became Chief Executive of Defence Equipment and Support in September 2015. Tony Douglas net worth is estimated at around $12 million. 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. 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. He became Chief Executive of Defence Equipment and Support in September 2015. We have estimated Advertiser Disclosure: Some links to credit cards and other products on this website will earn an affiliate commission. 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. Tony Douglas, group CEO of Etihad airways. Return Of The Jumbo: UK Boeing 747 Cargo Start-Up One Air Secures Certificate. IHG Rewards Premier Business Credit Card Review: Worth Will Americans New York To Doha Route Survive? 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). 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 analyse how our Sites are used. WebMr Douglas now faces the problem of charting a new course for the airline, which reported an annual loss of $1.87bn in 2016. Watch the full interview with Etihad Group CEO Tony Douglas here: Interview with Etihad Group CEO Tony Douglas Want More Analysis Like This? 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. Simply log into Settings & Account and select "Cancel" on the right-hand side. As Etihad goes through its own massive reform programme, airline bosses will be hoping Douglas is the man to make it happen. He has also had plenty of experience working in the Middle East with senior positions in Abu Dhabi. In fact, airlines worldwide are estimated to lose $252 billion in revenue this year because of the pandemic, according to the International Air Transport Association. . A number of high-profile cutbacks have drawn ire from frequent flyers in the past year. His net worth has been growing significantly in 2022-2023. As a passionate traveler based across the Middle East and East Asia, Luke offers strong insights into the travel and aviation industry. 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. Douglas was educated at Wigan Road Comprehensive School in Ormskirk and started his career as an apprentice toolmaker at General Motors in 1979. 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. [2], Douglas went on to be Chief Operating Officer at Laing O'Rourke in August 2007. Apumone 2023 All Rights Reserved -DMCA protected. 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? "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". During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. I just wish the name to be something else than RIA. Explaining the importance of Etihad for Abu Dhabis economic future, Douglas continued: It is an economic and employment engine for the UAE and the region. It is further noted that other Etihad senior executives could be tempted to leave alongside Douglas. You may change or cancel your subscription or trial at any time online. Selfishly I hope that Etihad finds someone who is an A380 fan, so that those beautiful Etihad A380s can make a comeback. Check if your 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 Apart from a rumored order of 40 Airbus A350s in October 2022, details of the airline are scarce. Southwest Airlines has indicated that it is planning onaround$2.3 billions worth of aircraft capital spending throughout 2023. His departure comes as the British government puts the finishing touches to a mini-defense review, which could result in significant delays and cuts to programs and capabilities in order to balance the defense budget. Would be a big win to nab a future giant customer, would also help our trade imbalance with SA, and would help smooth over political tensions. Tony Douglas joined British Aerospace in their regional jet production facilities in 1990, became manufacturing and logistics director at Kenwood plc in 1996 and then joined BAA plc in 1998 becoming Group Supply Chain Director, then Group Technical Director, then Managing Director of Heathrow Terminal 5 and finally Chief Executive of Heathrow Airport. Saudi Arabias wealth fund has named former Etihad Aviation Group boss Tony Douglas chief executive officer of a new national airline, as the country looks to Etihad Airways today announced its business results for 2021, recording a strong recovery in passenger operations along with a significant improvement in financial performance, posting a much-reduced loss of US$ 476 Its becoming increasingly clear that this is actually happening, and that the airline will launch pretty soon. However, now it seems that Etihad Airways is forced to temporarily cut the basic salaries of all staff and executives to between 25 percent and 50 percent to sustain business and cope with the pandemic. So it will be interesting to see how he does growing an airline from scratch, balancing costs with luxury, forming a frequent flyer program, establishing partnerships, etc. He has been the CEO of Etihad Airways since January 2018. previously, he served as chief executive of Abu Dhabi Airports His ability to succeed at the MOD was so well regarded that Douglas was brought in on a 530,000 annual pay package. Standard Digital includes access to a wealth of global news, analysis and expert opinion. 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. He is currently single. However, one executive said that may not entirely explain his departure. Gulf airlines have been hit by the slump in oil prices, 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. SAUDIA, previously known as Saudi Arabian Airlines, is based in Jeddahs King Abdulaziz International Airport (JED). It made him the best-paid government employee in the UK with a salary that was double the amount the Prime Minister earns. How much is Tony Douglas worth? Im very curious to see who ends up at the helm of Etihad. 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. Based in the United Kingdom, Tony Douglas has been in the top job at Etihad since 2018. , money, salary, income, and assets. Since his appointment as CEO, he has managed to trim the losses by reducing total costs by $416 million to $6.9-billion. 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. [10] He was appointed CEO of the Saudi Public Investment Fund's Riyadh Air in March 2023. 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. Will German purchase of Boeing Chinooks relieve pressure on US Army? Also learn how He earned most of networth at the age of 60 years old? 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. 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). The story was reported by Arabian Business, citing sources close to the matter. Douglas has been working at the MOD since 2015 in his position as chief executive for Defence Equipment and Support. Not sure that the name brings good connotations. 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.
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