He joined 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. Since his appointment as CEO, he has managed to trim the losses by reducing total costs by $416-million to $6.9-billion. Saudi Arabias mega-airline startup has allegedly poached Etihad Airways CEO Tony Douglas to start up the airline. Etihad Airways could post annual profit for 2022, ahead Copyright 2023 paddleyourownkanoo.com All Rights Reserved. Douglas has been CEO of Etihad since early 2018. WebFind out what works well at Etihad Airways from the people who know best. Abu Dhabis Midfield Terminal was built under Tony Douglas watch, and we have seen what came out of that. Tony Douglass salary per month with other career earnings is over $1 million dollars annually. 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 Tony Douglass tenure at Etihad Airways has been focused on minimizing losses at the airline. You may change or cancel your subscription or trial at any time online. Saudi Arabias mega-airline startup has allegedly poached Etihad Airways CEO Tony Douglas to start up the airline. Tony Douglas net worth is estimated at around $12 million. Douglas pointed out that the situation is currently difficult. cookies It could be difficult to find someone of sufficient caliber, even at the present salary, he said. His ability to succeed at the MOD was so well regarded that Douglas was brought in on a 530,000 annual pay package. 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. Defence Secretary Michael Fallon expressed gratitude for Douglas. Etihad Airways' CEO says its Airbus A380s and the 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. Tony Douglas, Etihad's Group Chief Executive Officer, Compare pay for popular Etihad has said, Douglas will expand and implement a range of strategic initiatives again, the airline has said this is in the context of an increasingly competitive aviation market. 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 Etihad Airways cuts staff and executives salaries up to 50% Douglas joined RIA in September 2022. Compare Standard and Premium Digital here. and other data for a number of reasons, such as keeping FT Sites reliable and secure, Boeing needs a new cash paying customer, just like this. Etihad Airways cuts staff and executives salaries up to 50% Etihad Airways' former CEO Tony Douglas has quit his role as CEO of Saudi Arabian airline RIA just two months into his new position. Etihad Im also curious to see who is appointed as the next CEO of Etihad. 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What do you make of Saudi Arabia allegedly recruiting Tony Douglas, and who do you think will be the next CEO of Etihad? 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. Etihads Tony Douglas: Dont fight the storm | Financial It is further noted that other Etihad senior executives could be tempted to leave alongside Douglas. 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 has a central role in supporting the UAEs position as a global hub of transportation, tourism, commerce, and culture.. Gulf airlines have been hit by the slump in oil prices, Language links are at the top of the page across from the title. You can still enjoy your subscription until the end of your current billing period. or 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. 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. We recommend you to check the complete list of Famous People born on . Toney Douglas Contract, Salary Cap Details 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. Learn how your comment data is processed. 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Early in September, the governments defense and security export boss, Stephen Phipson, announced he was joining the engineering employers organization, the EEF, as CEO. We are delighted to have Tony return to Abu Dhabi to lead Etihad, commented His Excellency AlMazrouei, the chairman of Etihad Aviation Group. Andrew Chuter is the United Kingdom correspondent for Defense News. 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. 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 Photo: Getty Images. Etihad Im very curious to see who ends up at the helm of Etihad. 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. 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. [5][6][7], His tenure at Etihad Airways has been focused on minimizing losses at the airline. Would a dynamic, luxurious airline wish to be associated with one like that? Matt is passionate about the aviation industry and has become an expert in passenger experience and human-centric stories. Please view our advertising policy page for additional details about our partners. Wait isn't that what RIA objective is all about? [12], In 2022, Tony and his Emirates Airlines counterpart applied for UAE natonality and was granted it.[13]. 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. The story was reported by Arabian Business, citing sources close to the matter. 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. 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. He is currently single. Return Of The Jumbo: UK Boeing 747 Cargo Start-Up One Air Secures Certificate. Discover Tony Douglas's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Discover more aviation news with Simple Flying. Sophie Chatel Net Worth 2023, Age, Husband, Children, Height, Family, Parents, Salary, Mel Arnold Net Worth 2023, Age, Wife, Children, Height, Family, Parents, Salary, Gary Anandasangaree Net Worth 2023, Age, Wife, Children, Height, Family, Parents, Salary. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. He is not dating anyone. Etihad No spam, just a weekly roundup of the best aviation news that you don't want to miss. Etihad appears to be in the market for a new airline CEO, as reports suggest current boss Tony Douglas is leaving the airline. Stay connected with the latest travel, aviation, and credit card news. He has also held senior positions with airport operator BAA. According to our Database, He has no children. WebToney Douglas contract and salary cap details, contract breakdowns, dead money, and news. As Etihad goes through its own massive reform programme, airline bosses will be hoping Douglas is the man to make it happen. DE&S did not return 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 Airways Careers and Employment | Indeed.com Etihad Apart from a rumored order of 40 Airbus A350s in October 2022, details of the airline are scarce. He previously served as the CEO of Etihad Airways from January 2018 to October 2022. Shutterstock. Douglass salary, including a performance bonus, amounts to 530,000 little more than a university chancellor in the U.K. these days. Save my name, email, and website in this browser for the next time I comment. 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. He has nearly 20 years of experience in transportation, infrastructure and government sectors. Dubai: Tony Douglas has reasons to be pleased more so as hes been proved right. WebEtihad Airways, however, isn't quite ready to fully close the door on its A380s. Will the newest CEO keep that vision going, or will the airline find a happy medium? Douglas has been with Etihad since 2018, and has been instrumental in turning around the fortunes of the airline. As first reported by Arabian Business, the experienced airline chief has left his new position as CEO of RIA after around two months. Gammell took on the role when longtime CEO, James Hogan was unceremoniously ousted by Etihads leaders. He has also held senior positions with airport operator BAA, and as Chief Operating Officer and Group Chief Executive designate of Laing ORourke. An airline the size of Emirates? Earlier, the airlines CEO Tony Douglas had said on Twitter that it will survive the impact of the pandemic. 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. He became Chief Executive of Defence Equipment and Support in September 2015. Selfishly I hope that Etihad finds someone who is an A380 fan, so that those beautiful Etihad A380s can make a comeback. 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. His primary source of income is from his working career as a Business executive. It seems risky, but I suppose it also has the potential to be quite rewarding (in some ways). Unauthorized use and/or duplication of this material without express and written permission from this sites author and/or owner is strictly prohibited. I am personally very grateful for the help and support Tony has provided to me personally. Premium access for businesses and educational institutions. We use cookies to ensure that we give you the best experience on our website. Also learn how He earned most of networth at the age of 60 years old? 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. The publicly-backed Abu Dhabi, UAE Tony Douglas, Group Chief Executive Officer, Etihad Aviation Group, received his first dose of the Sinopharm COVID-19 vaccine today at Tony Douglas is certainly good at pleasing local leaders, but I am not sure if he is the right choice for this job. 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. 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. He continued: He is also deeply knowledgeable about commercial aviation and keenly familiar with Etihads challenges and opportunities in a rapidly changing industry.. Also, Ive now heard of multiple people who are leaving their established, senior jobs at other airlines, to work at this startup. It is reported that this is the first time in the history of Etihad Airways that the airlines has suspended all passenger operations. 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. 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. 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