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Highlights
- Having successfully completed Etihad’s initial transformation program, Tony Douglas has decided to pursue a new opportunity elsewhere.
- Tony Douglas to serve as an advisor to the Board of ADQ Aviation and Aerospace Services Company during his transition period supporting Abu Dhabi’s wider ambitions in the sector.
ADQ, an Abu Dhabi based investment and holding company, together with Etihad’s Board of Directors, announce the appointment of Antonoaldo Neves as Group Chief Executive Officer of Etihad Aviation Group, succeeding Tony Douglas as Group CEO, who 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.
ADQ, an Abu Dhabi based investment and holding company, together with Etihad’s Board of Directors, announce the appointment of Antonoaldo Neves as Group Chief Executive Officer of Etihad Aviation Group, succeeding Tony Douglas as Group CEO, who 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.
Antonoaldo Neves was CEO and Board Member of TAP, the National Airline of Portugal, where he successfully led a major turnaround that resulted in a more valuable company, with better customer service and more passengers, significantly contributing to tourism development in Portugal. Prior to TAP, Antonoaldo was the President of Azul Airlines in Brazil, where he successfully led the company to IPO in the NYSE. Antonoaldo was also a partner at McKinsey and Company, where he developed the long-term plan for the aviation sector development in Brazil.
Etihad entered 2022 with a record breaking first-half operating profit of $296 million. These earnings are a testament of the restructuring program to reduce costs and preserve cashflow during the pandemic and on increased passenger travel demand.
Tony Douglas has served as Group CEO at Etihad Aviation Group since January 2018. Throughout his tenure he spearheaded and led the airline’s ambitious turnaround, as part of its initial transformation plan, by optimizing costs, streamlining processes and its travel network, successfully positioning Etihad for its next phase of sustainable growth.
Etihad Airways extends their appreciation to Tony Douglas, for the fundamental role he played in reinforcing Abu Dhabi’s position as a leading aviation hub for the UAE.
About ADQ
Established in 2018, ADQ is an active global sovereign investor with a focus on critical infrastructure and supply chains. As a strategic partner to the Government of Abu Dhabi, ADQ invests in the growth of business platforms anchored in the Emirate that deliver value to local communities and long-term financial returns to its shareholder. ADQ’s expanding portfolio has a total book value of USD 225 billion (as at 30 June 2024) and encompasses companies across numerous core sectors of the economy, including energy and utilities, transport and logistics, food and agriculture, and healthcare and life sciences.
For more information, visit adq.ae or write to media@adq.ae. You can also follow ADQ on Instagram, LinkedIn, and X.
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