12 Nov Aircraft Registry achieves key milestone
The Isle of Man Aircraft Registry was established in May 2007 to provide a customer focused service for the registration of high quality private and corporate jets and turbine-engine helicopters. Besides their Head Office in the Isle of Man, they also have 14 authorised Surveyors resident all around the world. The service has had an excellent take-up by operators around the world and today announced that they have registered their 300th aircraft; making the the fastest growing offshore register in the world.
Director of Civil Aviation, Brian Johnson, told us:
Many of the aircraft registered with us belong to some of the most successful companies in the world. For several of them, this represents the first time that they have encountered the Isle of Man in a business context, which has enabled us to highlight the many benefits of doing business here. We are confident that 2011 will be another successful year with a further 11 new private and corporate jets already planned for registration.
While the Isle of Man Aircraft Registry cannot be used for Commercial Aircraft, there are a number of benefits that private and corporate aircraft enjoy including:
- High regulatory standards
- High service levels and quality international reputation
- Neutral Nationality registration prefix ‘M’
- Secure mortgage register
- No insurance premium tax (5% in UK)
- European time zone
- Professional infrastructure with experience in aviation finance
- A Standard & Poor’s and Moody’s AAA rated jurisdiction
- Clear and simple taxation regime
- Stable legal and political environment
- Modern and flexible companies legislation
The team at ManxVoice would like to congratulate the Isle of Man Aircraft Registry on this fine achievement and wish them luck and increased growth in the future.
Photography courtesy of Philip Pain