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. You may change or cancel your subscription or trial at any time online. 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. How renewable energy is empowering women in rural Africa? 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. 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. Douglas will allegedly stay on at Etihad until the end of the year, so that theres time for a replacement to be found. Etihad UK defense chief to reveal Type 31e shipbuilding strategy, Connectivity will make or break US military use of AI, official says, How three space agencies are collaborating on next-gen missile warning, US Army to tailor long-range jammer for Europe, Indo-Pacific theaters, Testing of electronic warfare package for Armys AMPV expected in 2024, Space Force eyes outernet for better data flow in orbit, Your next tech and incoming AI | Defense News Weekly Full Episode 4.28.2023, Home Improvement Loans What are my options? Tony Douglas's net worth 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.". RIA will be much more lax in that regard, based in Riyadh, and focused on tourism. Tony Douglas is a British businessman. Douglass salary, including a performance bonus, amounts to 530,000 little more than a university chancellor in the U.K. these days. Tony Douglas, Etihad's Group Chief Executive Officer, Douglas has been CEO of Etihad since early 2018. Etihad Airways staff have taken salary cuts up to 50 percent as the coronavirus pandemic continues, local media reports said. 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. We use 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. 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. DE&S did not return telephone calls seeking comment. Etihad Etihad has a central role in supporting the UAEs position as a global hub of transportation, tourism, commerce, and culture.. 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). While the airline hasnt formally confirmed that Douglas has resigned, it seems pretty obvious at this point. Andrew Chuter is the United Kingdom correspondent for Defense News. The story was reported by Arabian Business, citing sources close to the matter. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. He is responding to an unexpected opportunity in the private sector, which he has decided to pursue, and I would not want to stand in his way from taking on that fresh challenge.. 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. 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. By Anil Bhoyrul and Matthew Amlot Thu 8 Sep 2022. Tony Douglass salary per month with 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. According to our Database, He has no children. It is further noted that other Etihad senior executives could be tempted to leave alongside Douglas. 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. Etihad Airways announced in October 2017 that they had appointed Douglas Group Chief Executive Officer with effect from January 2018. 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 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). Etihad Airways Has Finally Announced it's Found a New 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 will leave a lasting legacy at Etihad. Your email address will not be published. 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. Toney Douglas Contract, Salary Cap Details Etihads Tony Douglas: Dont fight the storm | Financial [12], In 2022, Tony and his Emirates Airlines counterpart applied for UAE natonality and was granted it.[13]. Defence Secretary Michael Fallon expressed gratitude for Douglas. WebFind out what works well at Etihad Airways from the people who know best. Douglas was educated at Wigan Road Comprehensive School in Ormskirk and started his career as an apprentice toolmaker at General Motors in 1979. The new airlines are planned to occupy different niches from each other, and won't compete directly with Saudia. Saudi Arabias mega-airline startup has allegedly poached Etihad Airways CEO Tony Douglas to start up the airline. Im also curious to see who is appointed as the next CEO of Etihad. We use cookies to ensure that we give you the best experience on our website. He continued: He is also deeply knowledgeable about commercial aviation and keenly familiar with Etihads challenges and opportunities in a rapidly changing industry.. EU nations quarrel over where to buy fresh ammo for Ukraine. 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 Airways cuts staff and executives salaries up to 50% Tony Douglas, group CEO of Etihad airways. However, one executive said that may not entirely explain his departure. "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. offers FT membership to read for free. 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. Copyright 2023 paddleyourownkanoo.com All Rights Reserved. As Etihad goes through its own massive reform programme, airline bosses will be hoping Douglas is the man to make it happen. Gammell took on the role when longtime CEO, James Hogan was unceremoniously ousted by Etihads leaders. Douglas has also held senior positions with airport operator BAA, and as Chief Operating Officer and Group Chief Executive designate of Laing ORourke. 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, Cant imagine a dry Emirates. Boeing needs a new cash paying customer, just like this. Etihad Airways' former CEO Tony Douglas has quit his role as CEO of Saudi Arabian airline RIA just two months into his new position. [11], Douglas holds a Master of Business Administration (MBA) degree from Lancaster University. 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. His primary source of income is from his working career as a Business executive. Tony Douglas net worth is estimated at around $12 million. 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. What do you think about Tony Douglas' departure as CEO at Saudi Arabian startup RIA? 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. He joined The reports from Arabian Business remain unconfirmed by either Etihad or PIF. Saudi Arabias new global airline RIA has approached Etihads Tony Douglas to be its new CEO, Arabian Business understands. Mateusz Maszczynski honed his skills as an international flight attendant at the most prominent airline in the Middle East and has been flying throughout the COVID-19 pandemic for a well-known European airline. Notify me of follow-up comments by email. Simple as that. 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. We are delighted to have Tony return to Abu Dhabi to lead Etihad, commented His Excellency AlMazrouei, the chairman of Etihad Aviation Group. Its not surprising to see that he accepted the offer, given how much Saudi Arabia is presumably willing to pay. 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. If Douglas is indeed planning to leave Etihad for RIA, his influence on the airline will stay for many years to come. He serves as the CEO of Riyadh Air, a Saudi Public Investment Fund subsidiary. 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. Learn How rich is He in this year and how He spends money? Etihad organisation Etihad Airways' CEO says its Airbus A380s and the Etihad Airways Careers and Employment | Indeed.com The airline reported full-year results for 2020 on March 4. Is America postured for a fight in the Indo-Pacific? A couple of weeks ago there was a report that the airline was looking to poach a particular person to be CEO, and it looks like that was quest was successful. RIA will compete against other Middle East-based airlines known for their luxury, namely Emirates, Etihad Airways, and Qatar Airways. Abu Dhabis Sovereign Wealth Fund Takes Control of Etihad Airways and CEO Tony Douglas Confirms He is Leaving Airline by Mateusz Maszczynski. Also learn how He earned most of networth at the age of 60 years old? 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. For the carrier's once-daily service to Dublin, you're much more likely to see the Boeing 787-10. Etihad 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 Tony Douglas Net Worth 2022: Salary - Apumone Simply log into Settings & Account and select "Cancel" on the right-hand side. He is from British. It is reported that this is the first time in the history of Etihad Airways that the airlines has suspended all passenger operations. He has also held senior positions with airport operator BAA. 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. 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. Also, Ive now heard of multiple people who are leaving their established, senior jobs at other airlines, to work at this startup. Advertiser Disclosure: Some links to credit cards and other products on this website will earn an affiliate commission. Emirates: President Tim Clark Denies Merger or Discover more aviation news with Simple Flying. Photo: Airbus. Was American Airlines the only profitable US airline in Q1 2023. Now, let me be clear I far preferred the 2014 Etihad that flew A380s, had The Residence, and spent millions of dollars to have Nicole Kidman in ads. Riyadh Air News: CEO Is Tony Douglas, ex-Etihad Boss 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. Douglas previously worked for the British Airport Authority and led the construction of the huge Heathrow Terminal 5 project. analyse how our Sites are used. Douglas pointed out that the situation is currently difficult. Learn how your comment data is processed. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. He became Chief Executive of Defence Equipment and Support in September 2015. Earlier, the airlines CEO Tony Douglas had said on Twitter that it will survive the impact of the pandemic. 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 Outside of banner ads published through the Boarding Area network, this compensation does not impact how and where products appear on this site. Editorial Disclosure: The editorial content on this page is not provided by any entity mentioned herein. 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. A number of high-profile cutbacks have drawn ire from frequent flyers in the past year. Language links are at the top of the page across from the title. Abu Dhabi, UAE Tony Douglas, Group Chief Executive Officer, Etihad Aviation Group, received his first dose of the Sinopharm COVID-19 vaccine today at Douglas has been in charge of Etihad since January 2018. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. It made him the best-paid government employee in the UK with a salary that was double the amount the Prime Minister earns. 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. Premium access for businesses and educational institutions. Web2018. [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. If you continue to use this site we will assume that you are happy with it. university 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. Check Out: Tim Clark of Emir ate net worth. Tony Douglas is a British businessman. Since his appointment as CEO, he has managed to trim the losses by reducing total costs by $416 million to $6.9-billion. 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 Early in September, the governments defense and security export boss, Stephen Phipson, announced he was joining the engineering employers organization, the EEF, as CEO. 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. No spam, just a weekly roundup of the best aviation news that you don't want to miss. [9] The reports were neither confirmed nor denied by either Etihad or the Saudi Public Investment Fund (PIF). Etihad Airways Careers and Employment, US | Indeed.com How dreadful! 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. The publication first reported the news that Douglas have been poached by RIA. Thats the first thing I thought about when I saw this new airlines name. He is one of the richest and influential businessmen in United Kingdom. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. Selfishly I hope that Etihad finds someone who is an A380 fan, so that those beautiful Etihad A380s can make a comeback. 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. Most helpful comments ( as chosen by the OMAAT community ). He is not dating anyone. As a passionate traveler based across the Middle East and East Asia, Luke offers strong insights into the travel and aviation industry. 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. Etihad appears to be in the market for a new airline CEO, as reports suggest current boss Tony Douglas is leaving the airline. 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. His net worth has been growing significantly in 2022-2023. 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. His primary source of income is from his working career as a Business executive. I just wish the name to be something else than RIA. Tony Douglass income source is mostly from being a successful . Etihad 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 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 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. Compare pay for popular It is unclear what is holding up the airline, but its extremely ambitious and rapid growth could be playing a part. How much is Tony Douglas worth? I think something was mentioned about this in a previous article. Standard Digital includes access to a wealth of global news, analysis and expert opinion. 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. 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. Saudi Arabias mega-airline startup has allegedly poached Etihad Airways CEO Tony Douglas to start up the airline. Most (but not all) senior executives in the region are otherwise (realistically) too old to start up this airline, or have too many national ties to a country to work in Saudi Arabia. Boeing needs to get ALL OVER THIS, like yesterday. Tony Douglass salary per month with other career earnings is over $1 million dollars annually. Get the inside scoop on jobs, salaries, top office locations, and CEO insights. 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. His strategy is credited with pushing Etihad into a $1.87 billion USD loss for 2016. How that strategy will be developed have not yet been announced. Managing Editor - Joanna has worked in publishing for more than a decade and is fast becoming a go-to source for commercial aviation analysis. Published Sep 23, 2022. We don't have much information about He's past relationship and any previous engaged. His absence from most of the recent DSEI exhibition [in London] was surprising given the importance of the event to the MoD and the defense industry, she said. A big leadership vacuum will be unhelpful when the programs are supposed to be operating to a right timescale, she said. He has also had plenty of experience working in the Middle East with senior positions in Abu Dhabi. 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. His first-ever airline job was at Etihad, and his job was to shrink the airline to profitability. Tony Douglas is a British businessman. If you ask me, Tony Douglas has done a great job at Etihad. Travel demand is going off I am personally very grateful for the help and support Tony has provided to me personally. His remarkable career achievements have earned some luxurious lifestyles and some fancy car trips. 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. Wait isn't that what RIA objective is all about? What Douglas also has going for him is experience with aviation in the region. Where Is Etihad Sending Its Airbus A350-1000s This Month? Will German purchase of Boeing Chinooks relieve pressure on US Army? 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. 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. Eyebrows were raised after Saudi Arabian authorities announced plans to launch a second flag carrier backed by a huge $30 billion investment from the country's PIF.