Following extensive analysis and consultation, the Minister for Economic Development Senator Alan Maclean has now given approval for the Registry, which is due to be launched in summer 2014 and is expected to open up a range of new business opportunities for the Island.
The Registry is anticipated to be particularly attractive to internationally mobile business jet owners, who can benefit from registering their aircraft in a highly regarded, stable and well regulated jurisdiction, whilst making use of Jersey’s mature, robust and sophisticated financial, legal and fiduciary services infrastructure. Local aircraft owners will also be welcome to register their aircraft on the Registry.
Policy relating to the structure of the Registry has been developed through a private sector working group, chaired by Assistant Minister for Economic Development Deputy James Baker and composed of leading aviation experts. Having now received instruction to proceed, the Law Draftsman’s Office will begin drafting the legislation that will underpin the Registry.
In addition, Economic Development have invited Brian Johnson, Director of Operations for Appleby Aviation Ltd and former Director of Civil Aviation for the Isle of Man, to advise on the establishment of the Aircraft Registry.
Commenting on the new plans for the Jersey Aircraft Registry, Senator Maclean said:
“This is an exciting opportunity for Jersey which will form an incredibly strong additional element to our inward investment strategy. Thanks to its business friendly environment, simple and attractive tax framework and world class professional and financial services infrastructure, Jersey already offers a compelling proposition to individuals and companies looking to relocate or expand their businesses. The launch of the Jersey Aircraft Registry will undoubtedly add to Jersey’s overall offering and provide local businesses with significant opportunities, particularly in the fiduciary, legal and financial services arenas.
“It is also fantastic news that Brian with his many years of experience in the aviation industry, and especially in the establishment of another very successful registry, Jersey will have an individual with unparalleled expertise to advise on this exciting project.”