Caymans Promoting Bizjet Registry
Business aircraft operators concerned about exposure to security or political risk associated with their country of registration my be encouraged by the Civil Aviation Authority of the Cayman Islands, which is here at EBACE 2006 promoting its aircraft registry (Booth 1273). The registry already includes about 110 private aircraft.
A recent Cranfield University report for Air Safety Support International (a subsidiary of the UK Civil Aviation Authority) concluded that it is no coincidence that the majority of international general aviation aircraft registered among UK overseas territories are in the Cayman Islands and Bermuda. Typically, the benefits of such arrangements may include: limited local bureaucracy, low or no taxes on local companies or overseas shareholders, a low-profile, politically neutral registration mark and no requirement for aircraft to be based locally.