Emirates Airline has hit back at Canadian officials and called their language "aggressive, often biased and deeply offensive", after a transport agency said the airline should be blocked from further access into the country because of unfair government support. The rebuke from Andrew Parker, the airline's top governmental affairs executive, was in response to a presentation by Transport Canada, the country's leading agency governing air travel. Transport Canada called Emirates and Etihad Airways "instruments of government policy". "The governments are helping finance massive wide-body aircraft orders and massive expansion of airport infrastructure," it said during the presentation at a private briefing to stakeholders. A copy of the presentation was obtained by the Toronto Star. The spat follows a campaign of nearly two years by Emirates to expand beyond its current allotment of three flights a week to the country of 32 million residents. It wants to service 21 flights a week through daily trips between Dubai and Toronto, Vancouver and Calgary. However, its efforts have so far have been blocked by the Canadian government to protect the country's ailing flag carrier, Air Canada, which depends on lucrative international traffic to India and elsewhere after facing stiff competition from a domestic rival, Jetstar. With new aircraft, government owners and the full support of the UAE's civil aviation authorities, Emirates and Etihad Airways have been dogged by claims of unfair support from rivals since the airlines were launched. The claims often revolve around subsidised fuel, low airport landing fees and financial assistance for aircraft purchases, although they have never been verified. Emirates and Etihad say the statements reveal fundamental misperceptions about the carriers. They say the airlines have raised billions of dollars from institutions, not their government backers, to finance their purchases. "Emirates does not receive any subsidies, guarantees, or any other financial support from the Government of Dubai," said Gary Chapman, the president of Emirates Group Services and Dnata. "To fund our aircraft purchases, Emirates has a robust and diversified financing strategy which utilises various instruments including bonds, financial and operating leases, Islamic structures and export credit-supported structures." An Etihad spokesman said yesterday the company had arranged loans from 25 institutions in Asia, Europe, the US and the Middle East. "Etihad Airways operates on a level commercial playing field and receive no subsidies, sovereign guarantees or fuel discounts. We have a genuine commercial mandate," he said. Emirates Airline's efforts in Canada gathered momentum in March last year when it enlisted the services of a local lobbying firm, Temple Scott Associates. Over a 16-month period, nine executives from the firm wrote letters and communicated with Canadian government officials to lobby on behalf of Emirates, according to documents provided by the Office of the Commissioner of Lobbying in Canada. The agencies included Foreign Affairs and International Trade Canada, Industry Canada, Transport Canada, the Canadian Tourism Commission and the Senate of Canada. The documents also show that Tim Clark, the president of Emirates, personally contacted members of the Canadian government on six occasions. igale@thenational.ae
The specs
Engine: 3-litre twin-turbo V6
Power: 400hp
Torque: 475Nm
Transmission: 9-speed automatic
Price: From Dh215,900
On sale: Now
The specs
Engine: Dual 180kW and 300kW front and rear motors
Power: 480kW
Torque: 850Nm
Transmission: Single-speed automatic
Price: From Dh359,900 ($98,000)
On sale: Now
Company%20profile
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COMPANY%20PROFILE%20
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COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
COMPANY%20PROFILE
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Business Insights
- As per the document, there are six filing options, including choosing to report on a realisation basis and transitional rules for pre-tax period gains or losses.
- SMEs with revenue below Dh3 million per annum can opt for transitional relief until 2026, treating them as having no taxable income.
- Larger entities have specific provisions for asset and liability movements, business restructuring, and handling foreign permanent establishments.
What is blockchain?
Blockchain is a form of distributed ledger technology, a digital system in which data is recorded across multiple places at the same time. Unlike traditional databases, DLTs have no central administrator or centralised data storage. They are transparent because the data is visible and, because they are automatically replicated and impossible to be tampered with, they are secure.
The main difference between blockchain and other forms of DLT is the way data is stored as ‘blocks’ – new transactions are added to the existing ‘chain’ of past transactions, hence the name ‘blockchain’. It is impossible to delete or modify information on the chain due to the replication of blocks across various locations.
Blockchain is mostly associated with cryptocurrency Bitcoin. Due to the inability to tamper with transactions, advocates say this makes the currency more secure and safer than traditional systems. It is maintained by a network of people referred to as ‘miners’, who receive rewards for solving complex mathematical equations that enable transactions to go through.
However, one of the major problems that has come to light has been the presence of illicit material buried in the Bitcoin blockchain, linking it to the dark web.
Other blockchain platforms can offer things like smart contracts, which are automatically implemented when specific conditions from all interested parties are reached, cutting the time involved and the risk of mistakes. Another use could be storing medical records, as patients can be confident their information cannot be changed. The technology can also be used in supply chains, voting and has the potential to used for storing property records.
From Zero
Artist: Linkin Park
Label: Warner Records
Number of tracks: 11
Rating: 4/5
Company%20Profile
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Cricket World Cup League 2
UAE squad
Rahul Chopra (captain), Aayan Afzal Khan, Ali Naseer, Aryansh Sharma, Basil Hameed, Dhruv Parashar, Junaid Siddique, Muhammad Farooq, Muhammad Jawadullah, Muhammad Waseem, Omid Rahman, Rahul Bhatia, Tanish Suri, Vishnu Sukumaran, Vriitya Aravind
Fixtures
Friday, November 1 – Oman v UAE
Sunday, November 3 – UAE v Netherlands
Thursday, November 7 – UAE v Oman
Saturday, November 9 – Netherlands v UAE
Sholto Byrnes on Myanmar politics
The specs
Engine: 2.7-litre 4-cylinder Turbomax
Power: 310hp
Torque: 583Nm
Transmission: 8-speed automatic
Price: From Dh192,500
On sale: Now
Company%20Profile
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Martin Sabbagh profile
Job: CEO JCDecaux Middle East
In the role: Since January 2015
Lives: In the UAE
Background: M&A, investment banking
Studied: Corporate finance
COMPANY%20PROFILE
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The specs
Engine: 2.0-litre turbo 4-cyl
Transmission: eight-speed auto
Power: 190bhp
Torque: 300Nm
Price: Dh169,900
On sale: now
SPEC%20SHEET
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The specs
Engine: 77.4kW all-wheel-drive dual motor
Power: 320bhp
Torque: 605Nm
Transmission: Single-speed automatic
Price: From Dh219,000
On sale: Now
The specs
Engine: Long-range single or dual motor with 200kW or 400kW battery
Transmission: Single-speed automatic
Max touring range: 620km / 590km
Price: From Dh250,000 (estimated)
MATCH INFO
Uefa Champions League semi-final, first leg
Bayern Munich v Real Madrid
When: April 25, 10.45pm kick-off (UAE)
Where: Allianz Arena, Munich
Live: BeIN Sports HD
Second leg: May 1, Santiago Bernabeu, Madrid
COMPANY PROFILE
Name: Qyubic
Started: October 2023
Founder: Namrata Raina
Based: Dubai
Sector: E-commerce
Current number of staff: 10
Investment stage: Pre-seed
Initial investment: Undisclosed
WHAT%20MACRO%20FACTORS%20ARE%20IMPACTING%20META%20TECH%20MARKETS%3F
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UAE central contracts
Full time contracts
Rohan Mustafa, Ahmed Raza, Mohammed Usman, Chirag Suri, Mohammed Boota, Sultan Ahmed, Zahoor Khan, Junaid Siddique, Waheed Ahmed, Zawar Farid
Part time contracts
Aryan Lakra, Ansh Tandon, Karthik Meiyappan, Rahul Bhatia, Alishan Sharafu, CP Rizwaan, Basil Hameed, Matiullah, Fahad Nawaz, Sanchit Sharma
COMPANY%20PROFILE
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Nayanthara: Beyond The Fairy Tale
Starring: Nayanthara, Vignesh Shivan, Radhika Sarathkumar, Nagarjuna Akkineni
Director: Amith Krishnan
Rating: 3.5/5
