A codeshare partnership between Emirates and Air Canada will cover flights between 11 domestic Canadian points and Montreal. Dubai Airports
A codeshare partnership between Emirates and Air Canada will cover flights between 11 domestic Canadian points and Montreal. Dubai Airports
A codeshare partnership between Emirates and Air Canada will cover flights between 11 domestic Canadian points and Montreal. Dubai Airports
A codeshare partnership between Emirates and Air Canada will cover flights between 11 domestic Canadian points and Montreal. Dubai Airports

Business

Aviation

Emirates and Air Canada expand codeshare deal to Montreal flights

The move follows the launch of Emirates' non-stop services to Quebec’s largest city in July

Deena Kamel
Deena Kamel

August 17, 2023

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Emirates and Air Canada have expanded their codeshare partnership to include flights to and from Montreal, after the Dubai-based carrier launched non-stop services to Quebec’s largest city in July.

Emirates passengers can now travel between 11 domestic Canadian points via Montreal using the services of both airlines on a single ticket, the Dubai carrier said in a statement on Thursday.

An additional 69 points are also accessible from the gateway on an interline basis.

The expanded codeshare agreement will allow passengers to travel from Canada’s two largest cities to destinations such as Halifax, Edmonton, Ottawa and Calgary.

From Toronto, Emirates’ passengers can travel to 19 points through the codeshare deal, and an additional 100 routes through an interline arrangement.

A codeshare allows an airline to sell tickets on the partner carrier’s flights.

Interline agreements allow passengers from two airlines to buy connecting flights on one ticket. These pacts often pave the way to codeshare agreements.

For airline passengers, such partnerships mean single-ticket itineraries, easier baggage transfers, frequent flyer benefits and airport lounge access.

Passengers travelling from Canadian cities can connect to Emirates’ services in Montreal or Toronto to travel to destinations across Asia, Africa and the Middle East, via the airline’s hub in Dubai.

On its flights to and from Toronto, Emirates offers daily services to Dubai, on-board its flagship A380 aircraft. The world’s largest international airline also operates seven weekly flights between Montreal and Dubai, using its Boeing 777 wide-bodies.

Travellers with itineraries on Emirates’ flights can plan their entire trip on a single ticket and benefit from the airline’s baggage allowance, in addition to bag check-through to the final destination.

Under the partnership, members of Skywards, Emirates Airline's frequent flyer programme, can earn and redeem miles on flights of both airlines, Emirates said.

The Dubai airline last month said it has 29 codeshare, 117 interline and 11 intermodal rail partners in more than 100 countries.

These partnerships provide direct and indirect links to more than 800 cities.

On an average week, more than 50,000 travellers connect to their destination on codeshare or interline flights operated by Emirates’ partners, it said.

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Your UK residence status is assessed using the statutory residence test. While your residence status – ie where you live - is assessed every year, your domicile status is assessed over your lifetime.

Your domicile of origin generally comes from your parents and if your parents were not married, then it is decided by your father. Your domicile is generally the country your father considered his permanent home when you were born. 

UK residents who have their permanent home ("domicile") outside the UK may not have to pay UK tax on foreign income. For example, they do not pay tax on foreign income or gains if they are less than £2,000 in the tax year and do not transfer that gain to a UK bank account.

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Other acts on the Jazz Garden bill

Sharrie Williams
The American singer is hugely respected in blues circles due to her passionate vocals and songwriting. Born and raised in Michigan, Williams began recording and touring as a teenage gospel singer. Her career took off with the blues band The Wiseguys. Such was the acclaim of their live shows that they toured throughout Europe and in Africa. As a solo artist, Williams has also collaborated with the likes of the late Dizzy Gillespie, Van Morrison and Mavis Staples.
Lin Rountree
An accomplished smooth jazz artist who blends his chilled approach with R‘n’B. Trained at the Duke Ellington School of the Arts in Washington, DC, Rountree formed his own band in 2004. He has also recorded with the likes of Kem, Dwele and Conya Doss. He comes to Dubai on the back of his new single Pass The Groove, from his forthcoming 2018 album Stronger Still, which may follow his five previous solo albums in cracking the top 10 of the US jazz charts.
Anita Williams
Dubai-based singer Anita Williams will open the night with a set of covers and swing, jazz and blues standards that made her an in-demand singer across the emirate. The Irish singer has been performing in Dubai since 2008 at venues such as MusicHall and Voda Bar. Her Jazz Garden appearance is career highlight as she will use the event to perform the original song Big Blue Eyes, the single from her debut solo album, due for release soon.

Updated: August 17, 2023, 9:03 AM
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