Appleby’s dedicated aviation team attended the 2014 European Business Aviation Convention & Exhibition (“EBACE”) in Geneva last week, Europe’s largest and most important business aviation trade show. Jointly hosted by the National Business Aviation Association (NBAA) and the European Business Aviation Association (EBAA), the event is held each year at Geneva’s Palexpo conference centre and at Geneva International Airport. The 2014 show took place from May 20 to 22.2014 was the biggest year yet for EBACE, with more than 13,000 attendees and 2,200 exhibitor booths filling the largest exhibition footprint in the event’s 14-year history.
Appleby were among the exhibitors for a fourth consecutive year represented by Director of Operations Brian Johnson and Corporate and Commercial lawyer Danny Cole, along with representatives from the group’s Guernsey and Isle of Man offices. The Appleby Team were also joined at EBACE by members of the States of Jersey, including Chris Kelleher, Strategic Policy Manager for the Economic Development Department who will shortly be participating in the legislative debate to establish the upcoming new Jersey Aircraft Registry (www.jar.je).
The concept of a new Jersey Aircraft Registry which is aiming for a launch in the third quarter of 2014 (assuming the legislation is passed as expected) received positive press coverage and feedback from attendees at EBACE.Joining Appleby at EBACE were members of the States of Jersey, including Chris Kelleher, Strategic Policy Manager for the Economic Development DepartmentChris Kelleher commented ‘EBACE is a key event. It provides an invaluable opportunity to meet representatives from all aspects of the aviation industry, including major corporate aircraft manufacturers, international business leaders and government officials.
Wendy Benjamin, Partner and Group Head – Corporate & Commercial, Jersey said: “As the only offshore legal group with a presence in all three Crown Dependencies, as well as the aircraft registry locations of Bermuda and the Cayman Islands, Appleby is perfectly positioned to assist clients with all aspects of their offshore aviation needs drawing on the wealth of experience and diverse skills of our legal and fiduciary teams around the world.”
The strength of the business aviation sector was again highlighted at the event this year, with wealth creation, increasing business jet penetration in high growth economies and the globalisation of trade identified as key market drivers for this growth. This market confidence was echoed by leading business jet manufacturer and EBACE exhibitor Bombardier who predicts 24,000 business jet deliveries valued at US$650 billion over the next 20 years in its latest Market Forecast report. EBACE also provided a prominent platform for manufacturers and operators to announce their latest news, ensuring a strong media presence and coverage.
Key announcements this year included the launch of the:·
Falcon 8X by French aircraft manufacturer Dassault, with more range and cabin space than any other Falcon, G650ER by Gulfstream Aerospace Corporation which can fly 500 nautical miles further than the G650, Avanti Evolution twin turboprop by Piaggio Aero a multinational aerospace manufacturing company headquartered in Italy.
In addition the Honda Aircraft Company revealed the first production HondaJet which will feature on next year’s static display whilst Bombardier, the world’s only manufacturer of both planes and trains, displayed a 111ft mock-up of its Global 7000 inside the exhibition centre.