Toney Douglas Contract, Salary Cap Details Abu Dhabis Sovereign Wealth Fund Takes Control of Etihad Airways and CEO Tony Douglas Confirms He is Leaving Airline by Mateusz Maszczynski. UK defense chief to reveal Type 31e shipbuilding strategy, Connectivity will make or break US military use of AI, official says, How three space agencies are collaborating on next-gen missile warning, US Army to tailor long-range jammer for Europe, Indo-Pacific theaters, Testing of electronic warfare package for Armys AMPV expected in 2024, Space Force eyes outernet for better data flow in orbit, Your next tech and incoming AI | Defense News Weekly Full Episode 4.28.2023, Home Improvement Loans What are my options? Citing industry sources, the publication reports that Douglas has already informed Etihad shareholders of his decision to leave, and that the airline has instructed consulting firm Korn Ferry to find a replacement. If Douglas is indeed planning to leave Etihad for RIA, his influence on the airline will stay for many years to come. Team Salary Caps; So, how much is Tony Douglas worth at the age of 60 years old? What do you make of Saudi Arabia allegedly recruiting Tony Douglas, and who do you think will be the next CEO of Etihad? Published Sep 23, 2022. Etihad Saudi Arabias mega-airline startup has allegedly poached Etihad Airways CEO Tony Douglas to start up the airline. 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. Standard Digital includes access to a wealth of global news, analysis and expert opinion. Etihad Airways cuts staff and executives salaries up to 50% He has also held senior positions with airport operator BAA. Apumone 2023 All Rights Reserved -DMCA protected. 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. Based in the United Kingdom, Tony Douglas has been in the top job at Etihad since 2018. Etihad Gammell took on the role when longtime CEO, James Hogan was unceremoniously ousted by Etihads leaders. Etihad 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. 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. 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: the jurys out on Etihad Airways Airbus Stay connected with the latest travel, aviation, and credit card news. Its not surprising to see that he accepted the Douglas has worked to undo all of that, and shrink the airline to profitability. He has been the CEO of Etihad Airways since January 2018. 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. According to reports, hell stay on at Etihad until the end of the year, until a replacement can be found. However, one executive said that may not entirely explain his departure. Learn how your comment data is processed. Douglas is the second senior defense official to leave this month. Douglas has been in charge of Etihad since January 2018. PREMIUM. Wikipedia WebFind out what works well at Etihad Airways from the people who know best. Boeing needs to get ALL OVER THIS, like yesterday. Save my name, email, and website in this browser for the next time I comment. Tony Douglas is a British businessman. His strategy is credited with pushing Etihad into a $1.87 billion USD loss for 2016. 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. university Photo: Etihad. He has also led Abu Dhabi seaport as its chief executive in the past. WebToney Douglas contract and salary cap details, contract breakdowns, dead money, and news. 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. His primary source of income is from his working career as a Business executive. Simple as that. Up until recently I wondered how serious the whole RIA concept was. The story was reported by Arabian Business, citing sources close to the matter. Prior to working at Etihad, Douglas was CEO of Abu Dhabi Airports Company, and prior to that he worked in senior positions at British Airports Authority (BAA). With an initial launch date of 2024 first pushed back to Q4 2022 and subsequently delayed, RIA will operate out of Riyadh, while current national airline SAUDIA is based out of Jeddah. Douglas pointed out that the situation is currently difficult. CAPA He became Chief Executive of Defence Equipment and Support in September 2015. Tony Douglas, group CEO of Etihad airways. As a passionate traveler based across the Middle East and East Asia, Luke offers strong insights into the travel and aviation industry. Douglas joined RIA in September 2022. 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. Etihad Airways staff have taken salary cuts up to 50 percent as the coronavirus pandemic continues, local media reports said. 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. If you continue to use this site we will assume that you are happy with it. 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. 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 has today announced the appointment of a new Group chief executive Tony Douglas, the 54-year-old British executive will join the Abu Dhabi-based airline in January after being poached by the aviation group from his current role at the UKs Ministry of Defence (MOD). 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. We use cookies to ensure that we give you the best experience on our website. He is currently single. Compare Standard and Premium Digital here. Etihad That said, its staff and employees will continue to receive housing allowances and education assistance during the period and in the future, local media reports said. RIA will compete against other Middle East-based airlines known for their luxury, namely Emirates, Etihad Airways, and Qatar Airways. 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 Douglas went on to be Chief Operating Officer at Laing ORourke in August 2007. Your feedback is important in helping us keep our community safe. You can still enjoy your subscription until the end of your current billing period. The airline reported full-year results for 2020 on March 4. 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. Tony Douglas is certainly good at pleasing local leaders, but I am not sure if he is the right choice for this job. He has also held senior positions with airport operator BAA, and as Chief Operating Officer and Group Chief Executive designate of Laing ORourke. Your email address will not be published. Learn How rich is He in this year and how He spends money? 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. Cant imagine a dry Emirates. Etihad Airways Cabin Crew Salary and Benefits 2020. * By using this form you agree with the storage and handling of your data by this website. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. 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. [2], Douglas went on to be Chief Operating Officer at Laing O'Rourke in August 2007. He is one of the richest and influential businessmen in United Kingdom. document.getElementById( "ak_js" ).setAttribute( "value", ( new Date() ).getTime() ); Anyone know about those scenes from the first few episodes of the show Cobra Kai where Miguel gets called Rhea? However, the CEO says he will stay on at the Abu Dhabi carrier until a suitable replacement can be found.