The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. Etihad entered 2022 with a record breaking first-half operating profit of $296 million. We did it because we fully anticipated that as the pandemic starts to ease there will be of course, a residual anxiety with the travelling community. I think there's probably an important balance here to look at the carrot side of it, ie, how commercial airlines get incentivised for the way in which they are contributing to more efficient and therefore sustainable flight programmes. In 2017, the German low-cost airline went bust. How we work with traffic controllers and regulators, to be able to get controlled climbs and continuous descent happen. His departure leaves a void just as Britain plunges into a war of words with one of its biggest defense equipment suppliers, Boeing, over a trade row that could affect aerospace jobs in Northern Ireland. There's a call out for regulators and governments, because there is a lot of dialogue around using as stick, ie, more punitive measures around taxation and penalties. To put it into contrast, 2019, we handled over 70-million passengers with Etihad. 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". This trend has continued in 2022, with Douglas happily reporting that Etihad recordeda $296 million profit and was performing well on all fronts. NASA, the North American Space Agency, people would probably be thinking, why would they be working with NASA? Douglas previously served as chief executive of Abu Dhabi Airports Company from 2013 to 2015. It's worth noting that Planespotters.net lists another two 777-300ERs in a VIP configuration, but we've excluded these jets from the count. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. Tony Douglas, who has also run Abu Dhabi and London Heathrow Airports, will join Etihad as group chief executive in January from Britain's Ministry of Defence, the airline said in a statement on Thursday. Saudi Arabia's Public Investment Fund (PIF . Douglas has spearheaded Etihads stance on building a sustainable aviation sector. Douglas was also chief executive of the Defense Equipment and Support department in the United Kingdom's Ministry of Defense from 2015 to 2017. Read more: Exclusive: Etihad's Tony Douglas discusses recovery, record profits, and change Finally, I think there's a call out for regulators and governments, because there is predictably perhaps, a lot of dialogue around using what I would describe as the stick, ie, more punitive measures around taxation and penalties. If I use perhaps an example, perhaps almost to make a little bit of fun, but there's a serious point in this, I will do in a moment, but it plays into the fact that Etihad was the first airline and is still the only airline that has 100% PCR or positive testing in place at the point of origin and arrival here in Abu Dhabi. I can honestly tell you it's almost a daily dynamic activity now, and the reason of course for that is because travel restrictions change on a very regular basis in countries all around the world. He previously served as the CEO of Etihad Airways from January 2018 to October 2022. [1/2]A visitor walks past the Etihad Aviation Group logo on display during the fifth day of Dubai Air Show in Dubai, United Arab Emirates November 21, 2019. 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. In 2022, he has gone full-time freelance. You can still enjoy your subscription until the end of your current billing period. At the age of years, Tony Douglas (businessman) weight not available right now. PIF is reportedly investing $30 billion in the new airline, which is expected to launch modestly with a narrowbody fleet and regional operations. 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. By Anil Bhoyrul and Matthew Amlot Thu 8 Sep 2022. cookies Network Planning was almost like an annual cycle as part of next years budget. (Etihad). Antony 'Tony' Douglas, 59, has been the CEO of Etihad Airways since 2018. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Arabian Business reported that RIA is also trying to lure away two other Etihad executives. The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network. Some of that's around the use of smarter technology, so machine learning, artificial intelligence. Tony Douglas is a British businessman. Last year, the International Air Transport Association pledged carbon neutrality by 2050, which is also a target of the United Arab Emirates and several other countries. "Abu Dhabi first recruited Douglas in 2010 to head its state ports company and he later moved to Abu Dhabi Airports in 2013 to oversee a multi-billion new terminal project by 2017. Etihad further improved its results and reduces its loss to $-0.87 billion in 2019. The . With that said, back to focusing on cargo in a very focused fashion, looking at fundamentally redesigning our in-cabin experience around Etihad Wellness as a product, and maybe I'll come back to that later on. Hogan's departure was announced in January. TD: Well, we've taken a holistic strategy to what we think is the biggest challenge in aviation and therefore probably the most complex subject to resolve, of which SAF may or may not prove over time to be one of the components. An Etihad Airbus A380 . Douglas, the press release said, has decided to pursue an opportunity elsewhere, and will serve during his transition period as an advisor to the Board of ADQ Aviation and Aerospace Services Company., I am proud to have served as Etihads chief executive officer over the past five years, Douglas is quoted. 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.". Etihad walked out, having lost hundreds of millions on Alitalia in just four years. As we come out of the pandemic, of course the big routes will continue to be dominant. Etihad is also embroiled in a long-running dispute with American, Delta, and United airlines over its expansion into the US market. 2007-2020 AirInsight Group LLC. as well as other partner offers and accept our, NOW WATCH: 7 code phrases airline pilots use all the time and what they mean, Etihad is also embroiled in a long-running dispute with American, Delta, and United airlines. Etihad Airways, the national airline of the UAE, expects to make profit at the end of its turnaround plan in 2023, its chief commercial officer said. Economic Development Research Organization. It began a five-year turnaround plan in 2017 after a strategy of buying stakes in other airlines collapsed, contributing to billions of dollars in losses. You might go through a non-segregated airport environment, and you may be in a very packed hotel where there is no differentiation between those people who are vaccinated and those people who are not. 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. 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. Those are the sorts of things Etihad would never have thought about pre-pandemic. He has been the CEO of Etihad Airways since January 2018. Sign up for notifications from Insider! Some of that's around the use of smarter technology, so machine learning, artificial intelligence. Some of the key highlights can be found below. Particularly if we go back to where this one started, if you look at SAF, two and a half times and more, the cost of A1 jet fuel. Etihad appears to be in the market for a new airline CEO, as reports suggest current boss Tony Douglas is leaving the airline. Interview with Etihad Group CEO Tony Douglas. We use Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Firstly, vaccination curves increasing in many countries, a corresponding slight easing in travel restrictions that followed. 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. All Rights Reserved. Discover Tony Douglas (businessman)s Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. We wouldn't hear it, because of course people used to cough before COVID all the time. Net zero must be 'at the very top of the agenda,' says Tony Douglas; Etihad is first airline to join Cambridge's Aviation Impact Accelerator; Aviation is responsible for around 2.5 percent of global carbon dioxide emissions. We will co-operate with them, we will support them, because we feel that relationships matter and there is a lot of business to go around [], Lebanon is not relying on International Monetary Fund cash to stay afloat, a government minister has told AGBI, as the tourism sector alone contributed $9 billion in revenue last year. September 15, 2021 university Tony Douglass income mostly comes from and basic source is being a successful British businessman. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Decision Analytics Subscribe Video Library Media, WebinarsPrivacy Policy Terms and Conditions Data Access Request. The unprecedented challenges stemming from macro-economic conditions faced by the industry were successfully navigated through prudent measures undertaken to position Etihad on a sustainable path for the future., Etihad Chairman Mohammed Ali Al Shorafa thanked Douglas for his efforts: Tony has led Etihad through some of its most challenging times and has successfully turned the airline into a profitable and sustainable business over the past five years as part of its initial transformation program. Dallas/Fort Worth and Ho Chi Minh City to boost growth, the airline carried 17.8 million passengers in 2018. . Dec 13, 2021, 4:47 AM PST. ", - 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. I honestly believe Abu Dhabi has been one of the best led places in the world in dealing with this pandemic. Etihad further improved its results and reduces its loss to $-0.87 billion in 2019. Thomas Pallini. It probably of course will continue to have a massive impact for the foreseeable future. Abu Dhabi's Etihad Aviation Group has appointed Antonoaldo Neves as its new CEO, it said on Wednesday. commentary and analysis you can trust. Standard Digital includes access to a wealth of global news, analysis and expert opinion. Etihad Wellness as a product has eliminated many of the touch points inside the aircraft. In 2014, Etihad bought 49 percent ofAlitalia for $1.92 billion, but as losses continued, Hogan said in 2017 he had enough. Saudi Arabia's new global airline RIA has approached Etihad's Tony Douglas to be its new CEO, Arabian Business understands. Etihad has already said it would no longer financially support Air Berlin and Italy's Alitalia, two of its prized investments. CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets. Douglas replaces veteran Australian CEO James Hogan, who developed Etihad into an aggressive rival to Dubai's Emirates and Qatar Airways over a 10-year period. As it transformed, so did Etihads ownership. Problems with its investments in troubled European airlines and provisions on aircraft plunged the airline into a $1.9 billion loss last year, its first since 2010. Neves said: Etihad Airways is a global brand in the industry. He will replace long-time CEO, James Hogan. I think, equally, this will force many operators to have to rethink their business model. 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. TD: I think back to the earlier comments, the demand for leisure and as well as leisure, people reconnecting with family and loved ones is where we've seen such a surge as restrictions have eased. "we were the first airline in the world to be fully . Wanna follow Etihad Airways's net worth? If however, we were on the equivalent flight from Abu Dhabi, and the same thing happened, just after take off, I don't think we'd even hear it. 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.