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Abu Dhabi-based investment and holding company ADQ has joined the Etihad Airways Board of Directors to appoint Antonioaldo Neves as Group Chief Executive Officer of the Etihad Airways Group, replacing Tony Douglas as Group Chief Executive Officer.
Douglas has decided to pursue opportunities elsewhere and will serve as an advisor to ADQ Aerospace Services’ board of directors during the transition period, according to a statement.
Neves was CEO and board member of TAP, the national airline of Portugal, where he successfully led a major transformation that resulted in a more valuable company with better customer service and more passengers for Portugal significant contribution to the development of tourism.
Before joining TAP, he was President of Azul Airlines in Brazil and successfully led the company’s listing on the New York Stock Exchange. Neves is also a partner at McKinsey & Company, where he developed long-term plans for the development of the Brazilian aviation industry.
Mohammed Ali Al Shorafa, Chairman of Etihad Airways Group, said: “Tony has led Etihad through some of the most challenging times and has successfully transformed Etihad Airways into a company over the past five years. A profitable and sustainable business as part of its initial transformation plan. As we enter the next phase of sustainable growth, we are confident that Antonioaldo will build on Tony’s legacy. We thank Tony for all his hard work.
“Etihad will continue to serve Abu Dhabi as the UAE’s national airline, delivering world-class service and surpassing global benchmarks in the near future.”
Neves commented: “Etihad Airways is a globally recognized brand in the industry. I am delighted to take on this new role and build on the strong foundation Tony and the management team have left. I am confident that Etihad Airways will prosper to new heights and continue its journey of sustainable growth.”
Douglas added: “I am proud to have served as CEO of Etihad Airways for the past five years. By taking prudent measures, Etihad Airways has successfully navigated the unprecedented challenges posed by the macroeconomic conditions facing the industry, This puts Etihad Airways on a sustainable future path. I thank my colleagues at Etihad for all the support and look forward to further supporting the development of the wider Abu Dhabi aviation ecosystem.”
Etihad enters 2022 with a record first-half operating profit of $296 million. The gains are evidence of a restructuring plan to reduce costs and preserve cash flow during the pandemic and increased passenger travel demand, the statement said.
Douglas has been Group Chief Executive Officer of Etihad Airways Group since January 2018. During his tenure, he spearheaded and led the airline’s ambitious transformation plan as part of its initial transformation plan, successfully positioning Etihad Airways as a major airline by optimizing costs, streamlining processes and the travel network, it added. , the next stage of sustainable growth.
“Etihad Airways would like to thank Tony Douglas for his important role in cementing Abu Dhabi’s position as the UAE’s leading aviation hub,” it said. -TradeArabia News Service
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