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. Copyright 2023 paddleyourownkanoo.com All Rights Reserved. Douglas will allegedly stay on at Etihad until the end of the year, so that theres time for a replacement to be found. Tony Douglas, Etihad's Group Chief Executive Officer, 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. He has also led Abu Dhabi seaport as its chief executive in the past. 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 Douglass tenure at Etihad Airways has been focused on minimizing losses at the airline. This move will help Etihad Airways to cope with the impact of the Coronavirus as the aviation industry has now taken a big hit. UK defense procurement chief to resign for job in Abu Watch the full interview with Etihad Group CEO Tony Douglas here: Interview with Etihad Group CEO Tony Douglas Want More Analysis Like This? 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. Standard Digital includes access to a wealth of global news, analysis and expert opinion. He is one of the richest and influential businessmen in United Kingdom. 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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 Etihad Try full digital access and see why over 1 million readers subscribe to the FT, Purchase a Trial subscription for $1 for 4 weeks, You will be billed $69 per month after the trial ends, The Big Dig: Germany reopens its mines in quest for mineral self-sufficiency, Singapore deepens US defence ties despite Chinese financial inflows, Chinas local governments stuck with bill for neighbourhood surveillance, Long-lived rivals: actuaries say Biden and Trump are not too old for office, Inflations legacy hits European households even as price growth ebbs, Charlie Munger: US banks are full of bad commercial property loans, JPMorgan to acquire First Republics deposits as US regulators step in, Disney uses Ron DeSantiss own words against him in free speech lawsuit, JPMorgan, Citizens and PNC submit bids for First Republic, Deutsche Bank plans to beef up investment bank advisory team, Totals chief tells investors European listing to blame for oil groups trading discount, Investors bet on shrinking pool of tech stocks as rally narrows, S&P criticised by pension funds over dual-class shares decision, US approach to financial regulation is set up to fail, China, America and why not all growth is equal, China could play a crucial role in ending the war in Ukraine, Labour has leverage to carry out private equity tax reform, The costs of entrenched high inflation cannot be ignored, Inside the elite British college for the worlds best nannies. Tony Douglass salary per month with Compare Standard and Premium Digital here. Tony Douglas is certainly good at pleasing local leaders, but I am not sure if he is the right choice for this job. 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. We use cookies to ensure that we give you the best experience on our website. Cant imagine a dry Emirates. Gammell took on the role when longtime CEO, James Hogan was unceremoniously ousted by Etihads leaders. 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 Money Minute, What's next for experimental AI projects in the C4ISR sphere. Also, it will face a negative impact on business operations. 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. Douglas joined British Aerospace in their regional jet production facilities in 1990, became manufacturing and logistics director at Kenwood plc in 1996[1] 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 is the second senior defense official to leave this month. personalising content and ads, providing social media features and to 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. organisation Stay connected with the latest travel, aviation, and credit card news. You can still enjoy your subscription until the end of your current billing period. 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.". For New York JFK, Etihad's two daily services are primarily dominated by the Boeing 787-9. Most helpful comments ( as chosen by the OMAAT community ). 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. 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. The new airlines are planned to occupy different niches from each other, and won't compete directly with Saudia. I wouldnt want to invest in that airline, but I sure did enjoy flying with the airline. 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. 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. Abu Dhabi's Sovereign Wealth Fund Takes Control of RIA is a low comission money transferer operating already ib 160 countries. Also in terms of achievements and capability as a leader , there is a reason why Sir Tim Clark is Sir and Tony Douglas is not, Was American Airlines the only profitable US airline in Q1 2023. We are delighted to have Tony return to Abu Dhabi to lead Etihad, commented His Excellency AlMazrouei, the chairman of Etihad Aviation Group. Southwest Airlines has indicated that it is planning onaround$2.3 billions worth of aircraft capital spending throughout 2023. Please view our advertising policy page for additional details about our partners. Etihad Toney Douglas Contract, Salary Cap Details He has done a great job with controlling costs, and making some difficult decisions. 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 publication first reported the news that Douglas have been poached by RIA. Apumone 2023 All Rights Reserved -DMCA protected. This move will help the airline to cope with the negative impact of the coronavirus pandemic. Etihad Airways' former CEO Tony Douglas has quit his role as CEO of Saudi Arabian airline RIA just two months into his new position. 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 Shutterstock. 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. Etihad 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. 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 Douglas has been CEO of Etihad since early 2018. EU nations quarrel over where to buy fresh ammo for Ukraine. 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. Will the airline's launch be further delayed by this setback? Reports also suggest that several other senior officials at Etihad will follow Douglas to RIA. An airline the size of Emirates? WebMr Douglas now faces the problem of charting a new course for the airline, which reported an annual loss of $1.87bn in 2016. Douglas was educated at Wigan Road Comprehensive School in Ormskirk and started his career as an apprentice toolmaker at General Motors in 1979. Etihad Airways Careers and Employment, US | Indeed.com The story was reported by Arabian Business, citing sources close to the matter. How renewable energy is empowering women in rural Africa? 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. Etihad has a central role in supporting the UAEs position as a global hub of transportation, tourism, commerce, and culture.. Douglass salary, including a performance bonus, amounts to 530,000 little more than a university chancellor in the U.K. these days. Selfishly I hope that Etihad finds someone who is an A380 fan, so that those beautiful Etihad A380s can make a comeback. CAPA His primary source of income is from his working career as a Business executive. 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. Douglas joined RIA in September 2022. Photo: Etihad. 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. 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). Etihad 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. 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 journalists in 50+ countries covering politics, business, innovation, trends and more. 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. Etihad Airways Careers and Employment | Indeed.com As first reported by Arabian Business, the experienced airline chief has left his new position as CEO of RIA after around two months. 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. Thats the first thing I thought about when I saw this new airlines name. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. He serves as the CEO of Riyadh Air, a Saudi Public Investment Fund subsidiary. 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. He has also held senior positions with airport operator BAA, and as Chief Operating Officer and Group Chief Executive designate of Laing ORourke. His first-ever airline job was at Etihad, and his job was to shrink the airline to profitability. Bloomberg is reporting that Etihad Airways has now reached out to a number of current and former airline CEOs, in a quest to replace Douglas. 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. 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. How dreadful! 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. Report: Saudi Arabias RIA Poaches Etihad CEO Tony Douglas, Saudi Arabia is planning on launching a new mega-airline, NEOM Airlines: An Outlandish New Saudi Airline, Report: Tony Douglas Departs Saudi Arabias RIA After Two Months, Saudi Arabia Building New Mega-Airport In Riyadh, Please view our advertising policy page for additional details about our partners. [9] The reports were neither confirmed nor denied by either Etihad or the Saudi Public Investment Fund (PIF). 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. No alcohol (champagne, wine etc) means no mega airline to compete with Emirates or Qatar. Etihad Cabin Crew Recruitment Step by Step Process 2021. 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. Canadian government says it gave striking union 'final offer', #oilprice drops as economic growth concerns offset #, Etihad Airways cuts staff and executives salaries up to 50%, Africa uses mobile money to curb the spread of the coronavirus, Singapore Airlines raises S$19 bn to survive the coronavirus crisis. 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. It seems risky, but I suppose it also has the potential to be quite rewarding (in some ways). 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. Not sure that the name brings good connotations. Dubai: Tony Douglas has reasons to be pleased more so as hes been proved right. Tony Douglass income source is mostly from being a successful . Etihad Airways announced in October 2017 that they had appointed Douglas Group Chief Executive Officer with effect from January 2018. I just wish the name to be something else than RIA. Managing Editor - Joanna has worked in publishing for more than a decade and is fast becoming a go-to source for commercial aviation analysis. Douglas has worked to undo all of that, and shrink the airline to profitability. [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. 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. Etihad Airways Cabin Crew Salary and Benefits 2020. According to reports, hell stay on at Etihad until the end of the year, until a replacement can be found. Early in September, the governments defense and security export boss, Stephen Phipson, announced he was joining the engineering employers organization, the EEF, as CEO. He became Chief Executive of Defence Equipment and Support in September 2015. Check Out: Tim Clark of Emir ate net worth. 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. Etihad appears to be in the market for a new airline CEO, as reports suggest current boss Tony Douglas is leaving the airline. 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. He has been the CEO of Etihad Airways since January 2018. Etihad declined to comment, while PIF did not respond to our request for comment. He previously served as the CEO of Etihad Airways from January 2018 to October 2022. As Etihad goes through its own massive reform programme, airline bosses will be hoping Douglas is the man to make it happen. WebToney Douglas contract and salary cap details, contract breakdowns, dead money, and news. Always keeping an ear close to the ground, Matt's industry insights, analysis and news coverage is frequently relied upon by some of the biggest names in journalism. Discover more aviation news with Simple Flying. 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. SAUDIA, previously known as Saudi Arabian Airlines, is based in Jeddahs King Abdulaziz International Airport (JED). So you want the guy who undo that to undo RIA before it even takes off? You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. Wait isn't that what RIA objective is all about? Industry sources say Douglas who has been in charge of Etihad since January 2018 is RIAs top choice. Wikipedia Since his appointment as CEO, he has managed to trim the losses by reducing total costs by $416 million to $6.9-billion. 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. Saudi Arabias mega-airline startup has allegedly poached Etihad Airways CEO Tony Douglas to start up the airline. Excerpts and links may be used, provided that full and clear credit is given to paddleyourownkanoo.com with appropriate and specific directions to the original content. 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. He will be missed, but his legacy of turning around a struggling airline will persist for a long time to come. It is further noted that other Etihad senior executives could be tempted to leave alongside Douglas. 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). 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 services. and other data for a number of reasons, such as keeping FT Sites reliable and secure, Tony Douglas Former Etihad CEO Has Reportedly Web2018. Douglass salary, including a performance bonus, amounts to 530,000 little more than a university chancellor in the U.K. these days. cookies Apart from a rumored order of 40 Airbus A350s in October 2022, details of the airline are scarce. 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. . His remarkable career achievements have earned some luxurious lifestyles and some fancy car trips. He has been the CEO of Etihad Airways since January 2018. previously, he served as chief executive of Abu Dhabi Airports Etihad Airways, the Abu Dhabi-based UAE airline, previously had announced plans to suspend all flights to and from the capital for two weeks. Saudia will stay the "religious travel/hajj" airline for the country based in Jeddah. Douglas has been with Etihad since 2018, and has been instrumental in turning around the fortunes of the airline. 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. Etihad Airways Has Finally Announced it's Found a New Based in the United Kingdom, Tony Douglas has been in the top job at Etihad since 2018. We have estimated See more about our ethics policies here. [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. Tony Douglas, the current Chief Executive Officer (CEO) of Riyadh International Airlines (RIA) and the former CEO of Etihad Airways, has reportedly parted ways with RIA after just a few months into the position. Etihad Airways Cabin Crew Requirements The MoD only recently agreed to spending plans for the financial year 2017/2018, which began in April. Tony Douglas is a British businessman. Etihad