Just prior to EBACE, Hangar8 received the documents that secured a landmark dispensation from the Cayman Islands aircraft registry, allowing Hangar8 to operate Cayman-registered aircraft under its UK AOC, as long as the aircraft type itself is already covered by the AOC. This allows Caymans aircraft to be chartered out, and also to be operated under public transport regulations, which are exempt from VAT and minerals tax. The Cayman Islands registry hopes that this development will help deter owners from moving their aircraft to other registers, such as the Isle of Man, where public transport operations are not permitted.
Hangar8 Receives Cayman Registry Dispensation
- May 21, 2013, 3:55 AM