Volocopter, a German start-up backed by Intel and Daimler, has joined forces with Canadian simulator specialist CAE to develop and run a pilot training programme for air taxi operations.
The electric vertical take-off and landing, or eVTOL, partnership aims to develop the “pilot workforce of the future” and ensure “safe introduction of eVTOL operations globally” by using technology such as artificial intelligence, virtual and mixed reality and data analytics, the companies said.
We are committed to supporting Volocopter’s inspiring vision and we look forward to leading in the design of UAM pilot training
Nick Leontidis,
CAE's group president for civil aviation training solutions
“As we scale our UAM [Urban Air Mobility] services in cities around the world, specific pilot training and qualification for our Volocopters will be an important element,” Volocopter's chief executive Florian Reuter said.
UAM is an emerging part of the aviation industry focused on aerial connectivity in and around cities. Volocopter's family of electric aircraft is designed to relieve today’s heavy inner-city traffic that is powered by fossil fuels.
The company’s first commercial eVTOL aircraft, the VoloCity, is well into its certification programme with the EU Aviation Safety Agency and is positioned to launch its first services for the 2024 Olympics in Paris.
Founded in 2011, Volocopter conducted public test flights in Singapore in October 2019 and staged the world’s first autonomous eVTOL flight in Dubai in 2017. It is also developing a heavy-lift cargo variant known as the VoloDrone for use in the logistics space.
“We are committed to supporting Volocopter’s inspiring vision and we look forward to leading in the design of UAM pilot training ... that prioritises safety of operations through our data-driven solutions, world-class pilot training experience and long-standing relationships with civil aviation authorities across the globe," said Nick Leontidis, CAE's group president for civil aviation training solutions.
Expanding air mobility will create a need for about 60,000 pilots within the first decade of operation, according to CAE’s Advanced Air Mobility white paper published earlier this month.
The company has committed to expand its worldwide training network through an investment of about $40 million to meet Volocopter’s projected pilot demand in the early years of operation.
As part of the agreement, both companies will work closely to obtain regulatory approval for their pilot training programme.
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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
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions