Aviation finance, particularly aircraft leasing and aircraft
lessor securitisation, are experiencing a boom on a global scale.
These transactions provide the opportunity to employ innovative
mechanisms for several different financings.
Bermuda is currently enjoying a resurgence in this arena and
playing an active role in these transactions. Home to the largest
offshore aircraft registry, Bermuda is also the world's 10th
largest aircraft registry. Bermuda, unlike the majority of the top
10 aircraft registries, requires that a certificate of
airworthiness be issued annually. These certificates create a paper
trail for the mechanical and physical history of the aircraft,
which is beneficial because it allows for monitoring various parts
of the aircraft and determining how they age. This monitoring
enables mechanical teams to more accurately predict when specific
parts may need to be replaced. Moreover, this paper trail can be
vital to proving and supporting the condition
