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Offshore Aircraft Registration
The aviation industry which consist mainly of airlines, business jet operators, financial institutions (banks, lenders, lessors, etc.), in the same way as the maritime industry, can find a safe, stable and ‘friendly flag’ for their fleet in an offshore jurisdictions such as Cayman Island and Bermuda.
Cayman Islands Civil Aviation
The Civil Aviation Authority of the Cayman Islands (CAACI) is the regulatory body controlling the aviation industry throughout the Cayman Islands. The CAACI operates in accordance with a statutory instrument that is predicated on UK legislation. These legislative requirements are found in the “Air Navigation (Overseas Territories) Order 2001,” AN(OT)O (and subsequent amendments) which contains regulations governing the operational and airworthiness requirements of Cayman registered aircraft. Also relative is the guidance contained in the Overseas Territories Aviation Requirements (OTARS) as published for all UK Overseas territories.
The Cayman Islands Aircraft Registry is a growing and attractive registry for foreign individuals and corporations. With approximately 115 planes registered in the private aircraft category, (such as Gulfstream, Boeing Business Jets, Airbus, Embraer, Dassault Falcon, Cessna, etc., etc) aircraft owners and brokers have voiced their pleasure at the processing of registration on the Cayman Islands Aircraft Registry. Functions of the amply qualified CAACI Air Safety Regulation (ASR) staff who manage this function include stringent safety and technical standards with rigid airworthiness inspections and validations of flight personnel licenses. The CAACI ASR staff also liaises with legal and financial professionals in the industry who are familiar with registering mortgages and finding adequate solutions to most clients’ questions and situations.
Offshore Aircraft Information
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