The airline reported full-year results for 2020 on March 4. His ability to succeed at the MOD was so well regarded that Douglas was brought in on a 530,000 annual pay package. The publication first reported the news that Douglas have been poached by RIA. Douglas went on to be Chief Operating Officer at Laing O'Rourke in August 2007. His primary source of income is from his working career as a Business executive. 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. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. Douglas went on to be Chief Operating Officer at Laing ORourke in August 2007. university 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. He became Chief Executive of Defence Equipment and Support in September 2015. 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. See more about our ethics policies here. Etihad Douglas joined RIA in September 2022. Etihad His net worth has been growing significantly in 2022-2023. Outside of banner ads published through the Boarding Area network, this compensation does not impact how and where products appear on this site. or Unauthorized use and/or duplication of this material without express and written permission from this sites author and/or owner is strictly prohibited. Projections are that it will have a fully profitable year - no mean feat given the high costs of aviation fuel across the industry at present. As reported by Bloomberg yesterday, Etihad has already begun the process of headhunting for the top job. 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. [5][6][7], His tenure at Etihad Airways has been focused on minimizing losses at the airline. Most helpful comments ( as chosen by the OMAAT community ). As a passionate traveler based across the Middle East and East Asia, Luke offers strong insights into the travel and aviation industry. Etihad Spearheading the ambitious turnaround plan for Etihad, he has led it through its trickiest years, optimizing the fleet, the operations, the staffing and the systems to put it in a good position for the future. And before anyone comments " SA is evil, blah blah": Airbus and the Chinese AND the Russians will be lining up to sell to RIA and probably already are. Since his appointment as CEO, he has managed to trim the losses by reducing total costs by $416-million to $6.9-billion. Etihad declined to comment, while PIF did not respond to our request for comment. As Simple Flying reported in September, Tony Douglas left Etihad to lead Saudi Arabian startup RIA, which holds ambitious plans to rival the big three in the Middle East - Emirates, Etihad Airways, and Qatar Airways. Discover today's celebrity birthdays and explore famous people who share your birthday. While the airline hasnt formally confirmed that Douglas has resigned, it seems pretty obvious at this point. CEO Tony Douglas told Insider at the Dubai Airshow in November that it's possible the aircraft will Etihad Airways could post annual profit for 2022, ahead Tony Douglas: the jurys out on Etihad Airways Airbus His first-ever airline job was at Etihad, and his job was to shrink the airline to profitability. Saudi Arabias new global airline RIA has approached Etihads Tony Douglas to be its new CEO, Arabian Business understands.

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