Guernsey launches Channel Islands aircraft registry
Fiona Le Poidevin, Chief Executive of Guernsey Finance – the promotional agency for the Island’s finance industry, said: “This is yet another landmark day for Guernsey’s finance industry. In the last 12 months we have seen the development of the world’s first image rights law and register, the introduction of Guernsey Foundations and now Guernsey has launched the first aircraft registry in the Channel Islands. This adds yet another service to the menu of options which we can offer our global client base.”
The registry can be accessed online at www.2-reg.com. The nationality mark is ‘2’ followed by four letters, allowing for particularly attractive registration names, such as places (2-BALI), names (2-JOHN), verbs (2-SAVE) and phrases (2-COOL).
Miss Le Poidevin added: “Guernsey has many fiduciary services providers with high net worth clients who own aircraft and now they can take advantage of the modern legislation offered by our aircraft registry. Indeed, it is expected to be particularly attractive to clients from emerging markets such as the Middle East, Russia and Asia where personal luxury aircraft ownership is very popular and it may encourage them to consider using Guernsey for their wider wealth management needs.
“In addition, Guernsey’s broad-based finance industry means that we can also service many other aspects related to aircraft ownership, such as alternative financing arrangements and specialist aircraft insurance. This means that clients can come to Guernsey knowing that they have a jurisdiction which offers a ‘one-stop shop’ to meet their aircraft needs.”
2-REG is particularly attractive to owners, operators and asset managers of business aircraft, as well as aircraft lessors. The registry is open to aircraft not currently used for commercial air transport.
Source: IFC Review