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. 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. Up until recently I wondered how serious the whole RIA concept was. 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Pascal Picano, Avia Solutions Group, Turkish evacuation plane hit by bullet fired by paramilitaries, say Sudan army, New Saudi Arabia Airline RIA eyes Etihads Tony Douglas as CEO: report, Saudi Arabia to order 40 A350s for new national airline RIA: Reuters, Saudi Arabia to set up third new global airline alongside RIA, Saudia: report, Man ducks on runway to avoid being struck by landing private plane: video, Southwest Airlines plans to spend $2.3 billion on new 737 MAX aircraft in 2023, Lufthansa adds A380 to LAX, Bangkok routes; commences Bangalore, Hyderabad flights, COMAC receives orders for 60 C919 and 40 ARJ21s from HNA Aviation Group. He previously served as chief executive of Abu Dhabi Airports Company (20132015), and as chief executive of the Defence Equipment and Support department in the United Kingdoms Ministry of Defence (20152017). Saudi Arabias mega-airline startup has allegedly poached Etihad Airways CEO Tony Douglas to start up the airline. Early in September, the governments defense and security export boss, Stephen Phipson, announced he was joining the engineering employers organization, the EEF, as CEO. 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. Tony Douglas is a British businessman. 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. RIA is a low comission money transferer operating already ib 160 countries. Boeing needs to get ALL OVER THIS, like yesterday. How much is Tony Douglas worth? Douglas has been with Etihad since 2018, and has been instrumental in turning around the fortunes of the airline. He has been the CEO of Etihad Airways since January 2018. This was symptomatic of his wider lack of engagement with the industry and key stakeholders., Despite that, the consultant said the departure of the DE&S boss could cause disruption at a time when the MoD needs to focus on program delivery like that of aircraft carriers, the Mechanised Infantry Vehicle, and the Type 26 and Type 31e frigates. 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. 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. It seems risky, but I suppose it also has the potential to be quite rewarding (in some ways). For a full comparison of Standard and Premium Digital, click here. Copyright 2023 paddleyourownkanoo.com All Rights Reserved. Selfishly I hope that Etihad finds someone who is an A380 fan, so that those beautiful Etihad A380s can make a comeback. The publicly-backed startup is expected to launch operations within the next few months and will now be searching for a new CEO. It is being formed as part of Saudi Arabia's Vision 2030 tourism plan, which aims to increase the number of air routes connecting the country from the current 100 or so up to about 250. 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Not sure that the name brings good connotations. Douglas previously worked for the British Airport Authority and led the construction of the huge Heathrow Terminal 5 project. 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. He has been the CEO of Etihad Airways since January 2018. previously, he served as chief executive of Abu Dhabi Airports SAUDIA, previously known as Saudi Arabian Airlines, is based in Jeddahs King Abdulaziz International Airport (JED). offers FT membership to read for free. This move will help the airline to cope with the negative impact of the coronavirus pandemic. Tony Douglas is a British businessman. Whether the Etihad Airways Airbus A380 fleet will fly again remains undecided due to brand and sustainability issues imposed by the aircraft, the [11], Douglas holds a Master of Business Administration (MBA) degree from Lancaster University. 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. It looks like he was made a job offer he couldnt refuse, but his going might have been made easier by the fact he appears to have had a difficult relationship with the MoDs permanent secretary. Etihad appears to be in the market for a new airline CEO, as reports suggest current boss Tony Douglas is leaving the airline. 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. Wait isn't that what RIA objective is all about? Return Of The Jumbo: UK Boeing 747 Cargo Start-Up One Air Secures Certificate. I wouldnt want to invest in that airline, but I sure did enjoy flying with the airline. He had previously been the CEO for the Abu Dhabi Ports company. Simple as that. You have successfully joined our subscriber list. This move will help Etihad Airways to cope with the impact of the Coronavirus as the aviation industry has now taken a big hit. 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. As reported by Bloomberg yesterday, Etihad has already begun the process of headhunting for the top job. EU nations quarrel over where to buy fresh ammo for Ukraine. [10] He was appointed CEO of the Saudi Public Investment Fund's Riyadh Air in March 2023. For cost savings, you can change your plan at any time online in the Settings & Account section. Douglas has been CEO of Etihad since early 2018. It had been reported a couple of weeks ago that new Saudi Arabian startup RIA wanted to headhunt Douglas for the top job, it seems the hunt has been fruitful. 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 Cabin Crew Jobs Click here to find out where Etihad are recruiting Cabin Crew OR have a look at their recruitment process so you know what to do. Tony Douglas, the chief executive at the Defence Equipment and Support organization, is set to stand down at the end of this year, with an internal interim appointment expected while a successor is sought. [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. His primary source of income is from his working career as a Business executive. However, the CEO says he will stay on at the Abu Dhabi carrier until a suitable replacement can be found. 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. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. Photo: Getty Images. Douglas was Saudi Arabias top pick for the position, and I imagine Saudi Arabia could make him a compelling offer, given how much money the country is willing to throw at just about everything. See more about our ethics policies here. Its not surprising to see that he accepted the offer, given how much Saudi Arabia is presumably willing to pay. Im also curious to see who is appointed as the next CEO of Etihad. 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. By Anil Bhoyrul and Matthew Amlot Thu 8 Sep 2022. 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. Will German purchase of Boeing Chinooks relieve pressure on US Army? Let us know in the comments. Douglas pointed out that the situation is currently difficult. analyse how our Sites are used. Managing Editor - Joanna has worked in publishing for more than a decade and is fast becoming a go-to source for commercial aviation analysis. I just wish the name to be something else than RIA. In fact, airlines worldwide are estimated to lose $252 billion in revenue this year because of the pandemic, according to the International Air Transport Association. Arabian Business is reporting that Saudi Arabias Public Investment Fund (PIF) has approached Etihad Airways CEO Tony Douglas to be CEO of Saudi Arabian airline startup RIA, and that he has accepted the role. Douglas went on to be Chief Operating Officer at Laing O'Rourke in August 2007. Defence Secretary Michael Fallon expressed gratitude for Douglas. The new airlines are planned to occupy different niches from each other, and won't compete directly with Saudia. We are delighted to have Tony return to Abu Dhabi to lead Etihad, commented His Excellency AlMazrouei, the chairman of Etihad Aviation Group. No alcohol (champagne, wine etc) means no mega airline to compete with Emirates or Qatar. No spam, just a weekly roundup of the best aviation news that you don't want to miss. CAPA 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. 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. Tony Douglas is a British businessman. Watch the full interview with Etihad Group CEO Tony Douglas here: Interview with Etihad Group CEO Tony Douglas Want More Analysis Like This? Compare pay for popular [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. Notify me of follow-up comments by email. Sign In; Register; NEWS; PODCASTS; NFL. 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. He previously served as the CEO of Etihad Airways from January 2018 to October 2022. 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. Get the inside scoop on jobs, salaries, top office locations, and CEO insights. I think something was mentioned about this in a previous article. Unauthorized use and/or duplication of this material without express and written permission from this sites author and/or owner is strictly prohibited. IHG Rewards Premier Business Credit Card Review: Worth Will Americans New York To Doha Route Survive? [2], Douglas went on to be Chief Operating Officer at Laing O'Rourke in August 2007. The nation recently announced the establishment of a leasing firm it calls AviLease, as well as a third airline to serve the planned mega city of Neom. As Etihad goes through its own massive reform programme, airline bosses will be hoping Douglas is the man to make it happen. Dubai: Tony Douglas has reasons to be pleased more so as hes been proved right. 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. We don't have much information about He's past relationship and any previous engaged. Etihad has a central role in supporting the UAEs position as a global hub of transportation, tourism, commerce, and culture.. 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. Check Out: Ahmed bin Saeed Al Maktoum net worth. Douglass salary, including a performance bonus, amounts to 530,000 little more than a university chancellor in the U.K. these days. Gain a global perspective on the US and go beyond with curated news and analysis from 600 It is unclear what is holding up the airline, but its extremely ambitious and rapid growth could be playing a part. How dreadful! 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. We recommend you to check the complete list of Famous People born on . 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. Tony Douglas is certainly good at pleasing local leaders, but I am not sure if he is the right choice for this job. Check if your It is further noted that other Etihad senior executives could be tempted to leave alongside Douglas. Douglas has been working at the MOD since 2015 in his position as chief executive for Defence Equipment and Support. Shutterstock. 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. He will be missed, but his legacy of turning around a struggling airline will persist for a long time to come. or 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. 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 joined cookies 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. 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. 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. Douglas has been with Etihad since 2018, and has been instrumental in turning around the fortunes of the airline. So, how much is Tony Douglas worth at the age of 60 years old? Stay connected with the latest travel, aviation, and credit card news. Industry executives and others said Douglas couldnt be faulted for returning to the commercial sector with Etihad, given the challenge and the likely huge salary hike associated with the Etihad post. Etihad Airways' former CEO Tony Douglas has quit his role as CEO of Saudi Arabian airline RIA just two months into his new position. 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. Douglass salary, including a performance bonus, amounts to 530,000 little more than a university chancellor in the U.K. these days. Your feedback is important in helping us keep our community safe. Etihad Airways' former CEO Tony Douglas has quit his role as CEO of Saudi Arabian airline RIA just two months into his new position. 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 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. Etihad Airways announced in October 2017 that they had appointed Douglas Group Chief Executive Officer with effect from January 2018. Will the newest CEO keep that vision going, or will the airline find a happy medium? 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). As a passionate traveler based across the Middle East and East Asia, Luke offers strong insights into the travel and aviation industry. RIA will compete against other Middle East-based airlines known for their luxury, namely Emirates, Etihad Airways, and Qatar Airways. Douglas went on to be Chief Operating Officer at Laing ORourke in August 2007. 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 announced in October 2017 that they had appointed Douglas Group Chief Executive Officer with effect from January 2018. We support credit card, debit card and PayPal payments. You can still enjoy your subscription until the end of your current billing period. Tony Douglas, group CEO of Etihad airways. 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. The story was reported by Arabian Business, citing sources close to the matter. 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 RIA will be much more lax in that regard, based in Riyadh, and focused on tourism. While the airline hasnt formally confirmed that Douglas has resigned, it seems pretty obvious at this point. For the carrier's once-daily service to Dublin, you're much more likely to see the Boeing 787-10. 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. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for $69 per month. Tony Douglas's net worth The story was reported by Arabian Business, citing sources close to the matter. 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. 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. 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. Apart from a rumored order of 40 Airbus A350s in October 2022, details of the airline are scarce. 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. Team Salary Caps; He also previously 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). Cant imagine a dry Emirates. Is America postured for a fight in the Indo-Pacific? 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. Its not surprising to see that he accepted the Tony Douglas net worth is estimated at around $12 million. If you continue to use this site we will assume that you are happy with it. Etihad Cabin Crew Recruitment Step by Step Process 2021. [9] The reports were neither confirmed nor denied by either Etihad or the Saudi Public Investment Fund (PIF). 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. 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. 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 also held senior positions with airport operator BAA, and as Chief Operating Officer and Group Chief Executive designate of Laing ORourke. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. Douglas was educated at Wigan Road Comprehensive School in Ormskirk and started his career as an apprentice toolmaker at General Motors in 1979. 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. 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. His remarkable career achievements have earned some luxurious lifestyles and some fancy car trips. How that strategy will be developed have not yet been announced. View popular celebrities life details, birth signs and real ages. , money, salary, income, and assets. Abu Dhabi, UAE Tony Douglas, Group Chief Executive Officer, Etihad Aviation Group, received his first dose of the Sinopharm COVID-19 vaccine today at Your email address will not be published. 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. As reported in Arabian Business today, Douglas has accepted to the job offer. 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. He has also had plenty of experience working in the Middle East with senior positions in Abu Dhabi. DE&S did not return 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. PREMIUM. 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. "On March 31, we will be launching the Sustainable 50, which is a brand new Airbus A350-1000 on its maiden flight into Paris Charles de Gaulle," Mr Douglas said. Photo: Airbus. His first-ever airline job was at Etihad, and his job was to shrink the airline to profitability. Etihad Airways staff have taken salary cuts up to 50 percent as the coronavirus pandemic continues, local media reports said. 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. Premium access for businesses and educational institutions. 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. organisation 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. He is a member of famous with the age 60 years old group. "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. He serves as the CEO of Riyadh Air, a Saudi Public Investment Fund subsidiary. Also learn how He earned most of networth at the age of 60 years old? The reports from Arabian Business remain unconfirmed by either Etihad or PIF. Saudi Arabias mega-airline startup has allegedly poached Etihad Airways CEO Tony Douglas to start up the airline. Douglas will allegedly stay on at Etihad until the end of the year, so that theres time for a replacement to be found.
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