Jersey Aircraft Registry Registers First Aircraft
On November 5th 2015, the States of Jersey made the landmark announcement that they had registered their first aircraft at the newly launched Jersey Aircraft Registry.
The Jersey Aircraft Registry, which has a focus on new, or nearly new, high-value private and corporate aircraft will offer:
- Registration of private and corporate aircraft
- Uniquely, registration of commercial aircraft engine mortgages
- An online registration system, available 24-hours a day (to be launched in Q3, 2016)
- A safe and comprehensive regulatory framework
- Neutral nationality registration prefix ‘ZJ-‘ followed by three characters of choice
- A competitive Scheme of Charges
The launch of the Jersey Aircraft Registry follows on from the success of the Isle of Man Aircraft Registry which came into operation over six years ago and has registered nearly 600 aircraft since its inception.
Cavendish Trust has a presence in both jurisdictions and has a long and successful track record of registering and importing private and corporate jets, so they can enjoy free circulation throughout the EU.
James Cunningham-Davis of Cavendish Trust said: “I welcome the first registration at the Jersey Aircraft Registry. Cavendish has been in the private and corporate jet business for many years and our knowledge and experience in the industry will enable us to maximise the benefits of this new registry to the benefit of our clients.”
The new aircraft registry is a welcome addition to the wide array of Jersey’s benefits:
- An autonomous Crown Dependency that enjoys a secure, special relationship with the UK, but is not part of the UK or the EU
- A well-established, diverse and highly respected financial services centre
- Geographically well-placed to serve clients based in the UK, Europe, Africa, the Gulf States and the Far East
- A stable political system and economy, with a government that supports international business
- A robust and independent judicial system, based on modern commercial law principles
- A simple and neutral fiscal system that provides an ideal platform to support financial services
- A proportionate, risk-based regulatory environment that is aligned to international standards