THE Isle of Man has established itself as an important one-stop shop for global aviation business, particularly with regard to the registration of private and corporate jets.
In addition to registration, Isle of Man financial institutions are conducting mortgages, lawyers are registering mortgages for foreign banks and corporate service providers are forming new structures to own and manage locally registered aircraft.
The Isle of Man Aircraft Registry has helped drive this success with an approach based on its customer focus and its ‘safety with service’ ethos.
As the only dedicated corporate aircraft register in Europe, the Registry offers high international standards and a competitive scheme of charges.
It has 16 surveyors resident in Switzerland, USA, UK and the Isle of Man, which enables it to provide an efficient and cost-effective service.
The Isle of Man’s aircraft registration prefix nationality mark is ‘M’ followed by a hyphen and four characters.
The combination of M and four characters has already produced some interesting registrations such as M-AGIC, M-YJET, M-IDAS and M-ONEY.
Aircraft owners may also transfer their personal registration to their next aircraft.
Why Isle of Man for Aviation?
• Aircraft Registry offering high service levels and a quality international reputation
• Growing cluster of aviation-related businesses
• High regulatory standards
• Neutral Nationality registration prefix
• Secure mortgage register
• No insurance premium tax (6 per cent in UK)
• European time zone
• Professional infrastructure with experience in aviation finance
This year’s Isle of Man Newspapers Awards for Excellence, in association with RBS International, will be held on November 15.
Application forms are available at www.iomtoday.co.im/afe.
If you would like to find out more about what entering can do for you, contact Trudi Williamson (tjw(at)newsiom.co.im) or Sarah Radcliffe (sarah.radcliffe(at)newsiom.co.im) or call 695695 for more information.