Commercial Update – May 2008

Transfer Of Civil Aviation Functions

The fanfare which greeted the establishment of the Island's aircraft register by order in council on 1st May last year might be dismissed by cynics as yet further offshore hype intended to put the Island in the spotlight for high net worth individuals looking to buy business jets. Nothing could be further from the truth.

As part of the planning for the introduction of the register and conscious of the need to adopt best practice, the Island 's Government undertook a wholesale review of the legislative background for civil aviation. This focussed on the need to match the standards set by the International Civil Aviation Organisation (ICAO) in order that the international regulator could verify that the Island's project was wellfounded on a modern legislative platform.