Emirates SkyCargo and Air Canada Cargo signed an initial agreement to deliver more services to their air freight customers. Photo: Emirates
Emirates SkyCargo and Air Canada Cargo signed an initial agreement to deliver more services to their air freight customers. Photo: Emirates
Emirates SkyCargo and Air Canada Cargo signed an initial agreement to deliver more services to their air freight customers. Photo: Emirates
Emirates SkyCargo and Air Canada Cargo signed an initial agreement to deliver more services to their air freight customers. Photo: Emirates

Emirates and Air Canada sign air cargo agreement after codeshare pact


Deena Kamel
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Emirates and Air Canada's cargo divisions signed an initial agreement to work on initiatives that will expand their capacity on a larger combined network, building on a codeshare deal between the airlines sealed last year.

Under the terms of the preliminary agreement, Emirates SkyCargo and Air Canada Cargo will expand freight interline options, offering their customers access to more capacity, the Dubai airline said in a statement on Friday.

They will also expand block space agreements, which are bought by freight forwarders for space on a flight, pending regulatory approvals.

"Co-operating with Air Canada Cargo will offer our clients added value through more rapid reach to new destinations in Canada via our Toronto and US gateways," said Nabil Sultan, Emirates' divisional senior vice president of cargo.

The cargo agreement comes after the two airlines announced a codeshare deal that started in November 2022, covering 46 destinations in North America, the Middle East, Africa, South-East Asia and India.

In 2021, Emirates ranked the second-biggest globally after Qatar Airways in terms of freight tonne kilometres, a measure of cargo demand, according to analysis by US plane manufacturer Boeing.

Emirates' air freight arm transports cargo to more than 140 destinations in a global network spanning six continents. The air cargo carrier operates a fleet of all-widebody Boeing 777, Airbus A380 aircraft and 11 dedicated B777-F freighters.

Emirates SkyCargo and Air Canada Cargo signed a deal that will expand their freight capacity on a larger combined network. Photo: Emirates
Emirates SkyCargo and Air Canada Cargo signed a deal that will expand their freight capacity on a larger combined network. Photo: Emirates

Under the agreement, SkyCargo will have access to more than 60 cities in Canada and more than 150 cities on five continents through Air Canada Cargo, thanks to a fleet of Boeing 767 freighters and the belly-hold capacity of Air Canada’s scheduled passenger flights.

Air Canada Cargo will have access to Emirates SkyCargo’s high-frequency distribution network through the belly-hold of Emirates scheduled passenger flights to more than 140 global destinations, as well as the additional capacity offered by 11 freighters currently in the Emirates fleet.

Both airlines will bring their experience in handling cargo such as oil and gas drilling equipment, car parts and pharmaceuticals on their fleet of freighters or passenger aircraft.

"This agreement enables both carriers to work more closely to optimise our respective freighter and belly capacity throughout each of our extensive and complementing global networks," sai Matthieu Casey, managing director of commercial at Air Canada Cargo.

"Customers will benefit from these additional synergies by having access to an even greater array of options, destinations and streamlined handling when shipping globally."

Most sought after workplace benefits in the UAE
  • Flexible work arrangements
  • Pension support
  • Mental well-being assistance
  • Insurance coverage for optical, dental, alternative medicine, cancer screening
  • Financial well-being incentives 
The story of Edge

Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, established Edge in 2019.

It brought together 25 state-owned and independent companies specialising in weapons systems, cyber protection and electronic warfare.

Edge has an annual revenue of $5 billion and employs more than 12,000 people.

Some of the companies include Nimr, a maker of armoured vehicles, Caracal, which manufactures guns and ammunitions company, Lahab

 

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25   Evacuation of injured and sick

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Power: 480hp at 6,500rpm

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Fuel consumption: 10.4L/100km

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Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

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RESULTS: 2018 WORLD CUP QUALIFYING - EUROPE

Albania 0 Italy 1
Finland 2 Turkey 2
Macedonia 4 Liechtenstein
Iceland 2 Kosovo 0
Israel 0 Spain 1
Moldova 0 Austria 1
Serbia 1 Georgia 0
Ukraine 0 Croatia 2
Wales 0 Ireland 1

ELIO

Starring: Yonas Kibreab, Zoe Saldana, Brad Garrett

Directors: Madeline Sharafian, Domee Shi, Adrian Molina

Rating: 4/5

Top New Zealand cop on policing the virtual world

New Zealand police began closer scrutiny of social media and online communities after the attacks on two mosques in March, the country's top officer said.

The killing of 51 people in Christchurch and wounding of more than 40 others shocked the world. Brenton Tarrant, a suspected white supremacist, was accused of the killings. His trial is ongoing and he denies the charges.

Mike Bush, commissioner of New Zealand Police, said officers looked closely at how they monitored social media in the wake of the tragedy to see if lessons could be learned.

“We decided that it was fit for purpose but we need to deepen it in terms of community relationships, extending them not only with the traditional community but the virtual one as well," he told The National.

"We want to get ahead of attacks like we suffered in New Zealand so we have to challenge ourselves to be better."

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Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
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Updated: February 10, 2023, 10:41 AM