It isn't going to work unless that cost of production curve can be accelerated down and perhaps some form of incentivisation to make it the preferred choice. Mohammad Al Bulooki Chief Operating Officer Learn more Raffael Quintas Chief Financial Officer Both airlines have filed for administration this year, and Etihad sold its stake in a third European carrier, Darwin, in July. Etihad CEO issues call to make aviation industry net zero | AGBI 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. Etihad continues to invest in the US market with increased flights There will be an end to COVID. Etihad Airways Appoints Antonoaldo Neves New CEO, Replacing Tony Billions of dirhams or dollars were flowing into alliances with Air Berlin, in which it bought a 29.2 percent stake in 2011. Saudi Arabia's Public Investment Fund (PIF . PH: That's very succinctly put, I like that, a nice conclusion to it. 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. personalising content and ads, providing social media features and to "we were the first airline in the world to be fully vaccinated. Simply log into Settings & Account and select "Cancel" on the right-hand side. Power Letters 2021: Tony Douglas, CEO, Etihad Aviation Group He inherited an airline with a core loss of $-1.6 billion. It helps to already be famous to become a social media influencer, but he demonstrates that you need to have a raw or personal touch and engage with your followers if you want to do well on Instagram Facebook, Twiter, Youtube, etc. Read more: Exclusive: Etihad's Tony Douglas discusses recovery, record profits, and change Firstly, vaccination curves increasing in many countries, a corresponding slight easing in travel restrictions that followed. And then came the Covid years. Since replacing James Hogan in 2018 as CEO, Douglas has been instrumental to steer the airline through the Covid crisis and its own transformation program, which was launched just before he joined. March 13, 2023 . Our Standards: The Thomson Reuters Trust Principles. Of course in 2020, a whole long list of things, even though we had our best first quarter ever, but then culminating with the pandemic, and since that of course, there has been a complete collapse internationally within air travel and obviously the passenger numbers that correspond to that. In 2021, the loss was down to $-476 million, thanks to a very strong second half in which Etihad recovered strongly. Keep abreast of significant corporate, financial and political developments around the world. Premium access for businesses and educational institutions. As it transformed, so did Etihads ownership. Are things going to be opening up? Tony Douglas - Top CEOs In The Middle East - Forbes Lists 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. Its almost a daily dynamic activity right now. That probably leads us into why we thought Etihad Wellness was so important when we originally introduced it in the middle of last year. Stay up to date with what you want to know. Abu Dhabi, UAE - Tony Douglas, Group Chief Executive Officer, Etihad Aviation Group, received his first dose of the Sinopharm COVID-19 vaccine today at Etihad Airways Medical Centre. He has been the CEO of Etihad Airways since January 2018. previously, he 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 Defence (2015-2017). It was this summer when the first reports emerged that Douglas had been poached by the Saudi Public Investment Fund to lead the new airline, which unofficially has been branded RIA. Douglas - who has been in charge of the UAE national carrier since 2018 - could take the helm later this year. We're working with the producers, with the scientists that sit behind alternative aviation fuels both on SAF's as we see it today with the efuel, the hydrogen component solutions and we're using both the Greenliner and working again with Boeing on other projects to see how we can continue to experiment with those kind of options. 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. My mistake! 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. ($1 = 0.7445 pounds). This site uses cookies to provide a better user experience. The Arab worlds largest economy will see the completion of 315,000 hotel keys by 2030, the consultancy said. Here we are updating just estimated networth of Tony Douglas (businessman) salary, income and assets. Many, many years ago, I can remember when it was almost like an annual cycle as part of doing next year's budget or part of the winter season and the summer season. Now, under that umbrella, and really the Greenliner is more of a persona, because we're using it as a call out to SMEs, to universities, quite frankly, to anybody out there who's got a genius idea, to be able to bring it into an environment where it can be put to test. Abu Dhabi eyes aviation services giant to boost its manufacturing, UAEs Etihad confirms Airbus A350 freighter order, Etihad CEO issues call to make aviation industry net zero, Qatar Airways CEO plays down threat of competition, Lebanons tourism minister hails $9bn revenues, Turkeys tourism revenue rises 33% to $8.7bn in Q1 2023, Sustainability looms large at Arabian Travel Market 2023, Saudi hotel development costs estimated at $38bn, Antonoaldo Neves previously turned around TAP airline in Portugal, Outgoing chief said to be joining new Saudi airline RIA. Etihad Airways CEO Tony Douglas met SBI chairman Rajnish Kumar in Mumbai on 18 March to discuss Jet Airways bailout plan.He asked SBI to buy Etihad's 24% stake at 150 per share, or about . Standard Digital includes access to a wealth of global news, analysis and expert opinion. He has also held senior positions with airport operator BAA, and as Chief Operating Officer and Group Chief Executive designate of Laing ORourke. Tony Douglas-0929. Among other issues, Mr Douglas talked of the importance o: - " Etihad Wellness" in attracting business class sales. Your email address will not be published. See here for a complete list of exchanges and delays. Etihad is a UAE company which uses the UAE currency (Dirhams AED). I think, as you rightly say today we find it's a heavy degree of art and a little bit of science. The example, the fun one that I talked about earlier would be if you and I were travelling today from Abu Dhabi, let's say to New York, from both here at Abu Dhabi, and let's imagine it was one of the other locations within the region. 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. Breaking news: Tony Douglas steps down as CEO of Saudi RIA after just 2 In 2019 we handled over 70 million passengers. Enter Tony Douglas, who succeeded Hogan in January 2018. Etihad Airways' Strategic Advisor and former Group CEO for the last five years, Tony Douglas, has worked in the aviation industry for over three decades. With a core operating profit of $296 milliondespite an almost 60% increase in fuel costs, in comparison to the same period last year," Douglas says, attributing the "incredible achievement," to the hard work and commitment of the "Etihad family.". This 'Money Pit' Airline Says It's Finally Set Up To - Forbes
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