Last week we saw British Airways basically establishing a new low-cost carrier out of Gatwick, because they say the market has changed, we're not wasting a good crisis. PIF is reportedly investing $30 billion in the new airline, which is expected to launch modestly with a narrowbody fleet and regional operations. Thanks to our transformation program, Etihad is emerging from the pandemic stronger than ever, with a world-class fleet, an unmatched customer proposition, and sustainability woven into every fiber of our business.. It's around an international collaboration, which over time will crack this one.. Some of the demonstration flights we've done from here, from Abu Dhabi into Amsterdam and from here, from Abu Dhabi into Brooklyn, we've been able to take at least 40 minutes out of the flight time and reduce the CO2 content by around six tonnes, which when you think about it is incredible, when we're just looking at optimising the way in which we fly. Abu Dhabi has recruited Britain's top defense buyer to run troubled Etihad Airways which is rethinking an aggressive expansion strategy that led it to huge losses last year. It's clearly part of a solution to a terrible pandemic and it's also part of the way of breaking the cycle, by giving the people the confidence on the way in which they're served when they're onboard, when they're with Etihad, introduces no risk to their personal wellbeing. In Abu Dhabi is every time a country goes onto the green list within the following week our sales goes up anything between three and 600%. See here for a complete list of exchanges and delays. Beginning his career as a civil engineer, Antonoaldo holds a Master of Business Administration degree from the University of Virginia's Darden School of Business and a Master's Degree in Corporate Finance from the IAG Business School at PUC-Rio. There's more energy focused now into alternative fuel types, than frankly I can remember in my 30 years within aviation. Centred on the theme Working Towards Net Zero, this years Arabian Travel Market (ATM) on May 1 to May 4 is expected to draw in 34,000 attendees [], The total development cost for all the hotel rooms planned in Saudi Arabia is estimated at $37.8 billion, according to property consultancy Knight Frank. TD: Yeah, I think, revenue management used to be a heavy degree of science and a sprinkle of art. Executive Director; Our Team; Research. It began in 2018 as a holding company for government assets and has been consolidating its portfolio, privatising some assets and making strategic acquisitions to build "national champions". Etihad CEO Tony Douglas has agreed to join new Saudi airline RIA, Arabian Business understands from industry sources. Abu Dhabi's Etihad Aviation Group has appointed Antonoaldo Neves as its new CEO, it said on Wednesday. Darryl Hinton . In 2017, the German low-cost airline went bust. If it hadn't had been for the significant increase in cargo, there's no way we would have maintained the same network and frequencies that we have been doing. Khaleej Times met with the Etihad CEO, Tony Douglas on board the maiden A350-1000 flight form Abu Dhabi to London Heathrow. Douglas, who took over as CEO in 2018, has canceled or threatened to back out of much of two massive orders placed with Boeing and Airbus in 2013 for 143 jetliners that had a then-record total. At the moment its probably not so hard, because there are not that large numbers, but if we are going to grow again, how confident are you that your hub airport can keep the pace with you? Douglas previously served as chief executive of Abu Dhabi Airports Company from 2013 to 2015. Some of that's around the use of smarter technology, so machine learning, artificial intelligence. AirInsight is the boutique aerospace media and analysis team and part of AirInsight Group LLC. Even pre-pandemic for Etihad every three or four weeks wed do a big deep dive in terms of adjustments to our network. In the first half of this year, 2021, we had a million passengers, so for us, given the fleet that we deployed, that was as of an average, give or take a bit about 25% load factor. They were never optimised for the way in which today, some of the busiest routes in the world, in obviously Europe, North America and other locations can be optimised, so there's a big opportunity in our opinion there. It's not all about big initiatives, it's how one collects all of the small ones to help contribute as well. The agility is something that you will see us maintain going forward. Of course, that's a function of lots of people being prepared to take the benefit of extra space in order to give them the sense of wellness and perhaps don't feel as comfortable maybe in some of the lower cost operating environments in the past, where everybody's got a very tight seat pitch, crammed in together and so on and so forth. The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. He is also writing for Airliner World and Aviation News. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. Quite frankly, and I think I speak on behalf of the whole of the Etihad family, can't comprehend why anybody would see this as being controversial. From January 2023, he will add a part-time role with Dutch website and magazine Luchtvaartnieuws. And who would qualify better for the job than Douglas? Copyright 2023. In January 2021, Douglas was amongst the first in his company to be vaccinated from COVID-19 as part of the firms Protected Together employee immunization initiative. Etihad further improved its results and reduces its loss to $-0.87 billion in 2019. I think the good news again for the travelling public, there's some incredible deals to be had out there. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. DUBAI, Oct 19 (Reuters) - Abu Dhabi state carrier Etihad's parent company has appointed Antonoaldo Neves as its new chief executive officer, replacing Tony Douglas, after the emirate's. It produced a $-1.7 billion loss, almost the same as in 2016. I think what that probably signals to everybody is the absolute latent demand that you and I, all of us, when we're operating in the capacity as being members of the travelling public, can't wait to get back to some degree of normality and the joy of travelling. Tony Douglas, Group Chief Executive Officer, Etihad Aviation Group. The only reason why I tease this one out is, I think to date within this particular subject matter, there's probably been more dialogue with governments and regulators around the threat of the stick, as opposed to being, I believe more balanced around the constructive side of the carrot, ie, how we incentivise. Etihad Airways chief Tony Douglas said Tuesday achieving net-zero carbon emissions by 2050 poses the "biggest challenge" for commercial aviation, in a reality check for the industry. On Tuesday it said Abu Dhabi's government has transferred ownership of Etihad Aviation Group to ADQ as part of its efforts to "transform Abu Dhabi into a global aviation hub". Etihad walked out, having lost hundreds of millions on Alitalia in just four years. Exclusive news, data and analytics for financial market professionals, Reporting by Yousef Saba; Editing by Jan Harvey and Muralikumar Anantharaman, American Airlines pilots authorize a strike mandate, Qantas picks first female CEO to lead the airline, U.S. FAA opens new direct plane routes ahead of summer travel, Russian strikes kill two in Ukraine, damage dozens of buildings, Exxon Mobil not quitting exploration in Brazil, Lordstown shares dive 23% as investor Foxconn alleges agreement breach, Fifth Third Bancorp bid for First Republic before sale to JPMorgan -sources, Brazil's Petrobras to keep stake in Colombia's deepwater block Tayrona, Brazilian oil-export tax a 'concerning' development,' says Shell chief. Tony Douglas-0929. Billions of dirhams or dollars were flowing into alliances with Air Berlin, in which it bought a 29.2 percent stake in 2011. Back to Greenliner, and we've also been involved with Boeing on ecoDemonstrator flights. As we come out of the pandemic, of course the big routes will continue to be dominant. ", Watch the full interview with Etihad Group CEO Tony Douglas here: Interview with Etihad Group CEO Tony Douglas. That was a function of a number of things. offers FT membership to read for free. 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. Tony Douglas net worth is estimated at around $12 million. Saudi Arabia's new global airline RIA has approached Etihad's Tony Douglas to be its new CEO, Arabian Business understands. Prior to TAP he was president of Azul Airlines in Brazil, where he led the company to IPO in New York. I think as you allude to the fact that sustainable aviation fuels are in excess of two and a half times more expensive than conventional aviation fuels at the moment, unless the economics of this can be resolved it clearly isn't going to be a commercially sustainable part of the solution. Douglas served as group CEO at Etihad Aviation Group from January 2018 and led the airline's turnaround by optimising costs, streamlining processes and its travel network. In 2019, Etihad introduced the Boeing 787-9 Greenliner (left in the main picture with Boeings Stan Deal at the 2019 Dubai Airshow), and this year the Airbus A350-1000 Sustainability50, which have tested numerous initiatives to. I think, equally, this will force many operators to have to rethink their business model. The transformation was much needed to make Etihad profitable. I think we're still number one in the world in terms of vaccination per capita and it reveals itself in the way in which, for all intents and purposes, we're pretty much back to absolutely a normal, but nonetheless controlled from a health point of view, lifestyle. According to Etihad Airways CEO Tony Douglas, the Airbus A380 may return to the sky if the global pandemic travel recovers rapidly and exceeds pre-pandemic levels. Learn How much net worth Tony Douglas is in this year and how he spend his expenses? To put it into contrast, 2019, we handled over 70-million passengers with Etihad. We asked him about what makes the A350-1000 standout against other planes and how this plane fits in with the Etihad mission of achieving net zero emissions by 2050.WATCH MORE AT https://www.khaleejtimes.com/videosTELEGRAM: https://t.me/KhaleejTimesFACEBOOK: https://www.facebook.com/khaleejtimes/TWITTER: https://twitter.com/khaleejtimesINSTAGRAM: https://www.instagram.com/khaleejtimes/#Dubai #News #khaleejtimes Standard Digital includes access to a wealth of global news, analysis and expert opinion. Airbus A380 in Etihad livery. You may change or cancel your subscription or trial at any time online. There's other big areas within this, around how we work with traffic controllers and regulators, to be able to get wherever possible, controlled climbs and continuous descent happen. In line with the countrysVision 2030 to boost tourism and traffic, RIA should become a high-quality second national airline besides Saudia, which has been in business since 1945. Under his leadership, the carrier has pushed hard to get sustainability at the core of everything it does to reduce its footprint, be it reducing plastic waste and carbon emissions. Sign up for notifications from Insider! The major improvement in 2019 demonstrates were clearly on the right track, he said in the earnings release. It's one of the areas that must be very difficult. Etihad walked out, having lost hundreds of millions on Alitalia in just four years. Revenue management used to be a heavy degree of science and a sprinkle of art. TD: I guess the answer I'm about to give, there's going to be many people listening to this thinking, "He would say this wouldn't he," type of thing. (Etihad). All Rights Reserved. He will replace long-time CEO, James Hogan. As it transformed, so did Etihads ownership. and other data for a number of reasons, such as keeping FT Sites reliable and secure, The -born businessman expert is arguably the worlds most influential Tony Douglas (businessman) is expert, with a wide-ranging social media outreach. Today we find it's a heavy degree of art and a little bit of science. Please only use it for a guidance and Etihad Airways's actual income may vary a lot from the dollar amount shown above. "He will need to be focused on the restructure of the airline as it divests of some of its significant equity stakes and reviews its network and moderates its growth ambitions.". In 2019 we handled over 70 million passengers. In 2014, Etihad bought 49 percent of. For a full comparison of Standard and Premium Digital, click here. Neves was previously CEO and board member of TAP, the national airline of Portugal, where he led a major turnaround. It comes to, as many of us would be aware of, that the air traffic controlled designated flight paths that are in the skies above us all, for me are almost analogous of the Roman roads, ie, that were laid down in a particular point in history, when of course commercial aviation didn't operate anything like it doesn't today. The Etihad Greenliner programme is a dedicated 787 we operate with a wide number of partners, essentially as a flying test-bed to maximise the performance in-flight and therefore the reduction of emissions. Discover Tony Douglas (businessman)s Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. I recall many years ago when I was involved with the BAA and Heathrow, back in the day, how noise was actually incentivised in both a carrot and a stick way, i.e, if you were operating a lower noise-emitting new generation aircraft, your fees reflected a benefit, and ditto, if you were maintaining far noisy older generation aircraft, you had a corresponding penalty on rates. Former boss of Portuguese airline TAP named Etihad Aviation Group CEO after ADQ transfer Antonoaldo Neves succeeds Tony Douglas, who has decided to pursue an opportunity elsewhere Etihad reported a record first-half profit as demand for long-haul travel recovered with the easing of Covid-19 restrictions. These weren't the kind of things that Etihad would have ever have done in the past, but what we've been doing is in a very agile way, is adapting to the way in which travel restrictions have been so dynamic. Big picture first, what's the feel as you see it looking out of your window? He inherited an airline with a core loss of $-1.6 billion. It's been holistic and all encompassing and public health, wellbeing has been priority number one by some distance. That means you've got to have a whole lot of synchrony with your hub airport, but what are the dynamics of that? We're absolutely single-minded on the fact that this is an essential part of the solution and definitely not a component of the problem.". He has been the CEO of Etihad Airways since January 2018. The definition of business class, as we're all very familiar with it in the aviation business, is whilst there's not as many business people travelling with Etihad at the moment, or anybody else for that matter, what we've seen is a significant trade off of the percentage of tickets sold into business class. Mohammad Al Bulooki Chief Operating Officer Learn more Raffael Quintas Chief Financial Officer Etihad will continue to serve Abu Dhabi as the national airline of the UAE, delivering world class services and exceeding global benchmarks in the near future.. There does seem to be an asynchrony between the expectations of the industry and the capabilities of the industry. Today we find it's a heavy degree of art and a little bit of science. For New York JFK, Etihad's two daily services are primarily dominated by the Boeing 787-9. Hogan's departure was announced in January. Exxon Mobil Corp is not giving up on oil exploration in Brazil, the company's country chief Alberto Ferrin said on Monday during the Offshore Technology Conference (OTC) in Houston. By February, the companys carrier Etihad Airways completed the vaccination of 100% of its on-board crew. The majority of this website will not function as intended without JavaScript enabled. Stay informed and spot emerging risks and opportunities with independent global reporting, expert Douglas was also chief executive of the Defense Equipment and Support department in the United Kingdom's Ministry of Defense from 2015 to 2017. So, how much is Tony Douglas (businessman) networth at the age of years old? organisation Are things going to be opening up? DUBAI, Oct 19 (Reuters) - Abu Dhabi state carrier Etihad's parent company has appointed Antonoaldo Neves as its new chief executive officer, replacing Tony Douglas, after the emirate's government transferred Etihad's ownership to wealth fund ADQ, ADQ said on Wednesday. ", - SAFs: "sustainable aviation fuels are in excess of two and a half times more expensive than conventional aviation fuels at the moment, unless the economics of this can be resolved it clearly isn't going to be a commercially sustainable part of the solution. He also previously served as chief executive of Abu Dhabi Airports Company (2013-2015), and as chief executive of Defence Equipment and Support department in the United Kingdom's Ministry of . The technical storage or access that is used exclusively for anonymous statistical purposes. Interview with Etihad Group CEO Tony Douglas. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. July for us was our best month in about the last year and a half, so that average load factor, the 25% I mentioned before, was up to just over 40% in July. Tony Douglas: I think everybody is only too well aware of what an incredible impact the pandemic has had on civil aviation. PH: Right, and on the demand side, Tony, it's obviously very early days and it's very dependent on markets, but we're going into the business season, as leisure and holidays are over pretty much in the northern hemisphere anyway, are you getting any inklings of what the corporate demand might be like? His primary source of income is from his working career as a Business executive. In terms of corporate travel, I think everybody's well aware that that is heavily suppressed and is likely to be so for some time, but here's the interesting point, I think. In 2019, Etihad introduced the Boeing 787-9 Greenliner (left in the main picture with Boeings Stan Deal at the 2019 Dubai Airshow), and this year the Airbus A350-1000 Sustainability50, which have tested numerous initiatives to improve in-flight efficiency. Etihad Airways Appoints Antonoaldo Neves New CEO, Replacing Tony Douglas. Home; About. He inherited Hogans transformation plan, of which the core was to get rid of its strategic investments in other airlines and fully focus on a leaner and more efficient Etihad instead. Sustainability50, which carries a unique livery in recognition of the 50th anniversary of the federation of the UAE and Etihad's commitment to net-zero carbon emissions by 2050. In his first year 2018, at the helm, Douglas succeeded in cutting the loss to $-1.28 billion. Tony Douglas was named the new CEO of Etihad Aviation Group on Thursday. I honestly believe Abu Dhabi has been one of the best led places in the world in dealing with this pandemic. You referred to British Airways a little bit earlier, you may be aware we established Air Arabia Abu Dhabi as our low cost carrier here. Doing all of that, expecting that over time, as vaccine curves get more mature and therefore travel restrictions start to ease, we're best placed to be able to capitalise upon it. Ray Gammell, who has served as interim group CEO since May will return to his position as Group Chief People & Performance Officer, Etihad said. Aviation is responsible for around 2.5 percent of global carbon dioxide emissions. He previously served as the CEO of Etihad Airways from January 2018 to October 2022. I really enjoyed this and there's some very interesting facts in there. The reason why we would have, I believe, no anxiety at all, is we would know that the wellness condition of everybody on board Etihad is screened to the same standard as you and I. I'd like to think that as momentum builds, and perhaps comprehension develops, around the sustainable challenge being something that's an international call out to governments, regulators, airlines, manufacturers and the industry at large, that tax might be a small part of the solution, but actually incentivisation is far more important on the other side of the equation. We support credit card, debit card and PayPal payments. . All Rights Reserved. Stay up to date with what you want to know. They were optimised, of course, for shorter haul, propeller-powered flight. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Tony Douglas (businessman) is a British businessman. The growth in Saudis hotel room inventory will swell to become larger than []. Etihad has already said it would no longer financially support Air Berlin and Italy's Alitalia, two of its prized investments.