The Isle of Man Aircraft Registry is continuing its strong growth and has just completed the registration of its 700th aircraft since it was established in May 2007.
The aircraft was a Bombardier Challenger business jet, which was surveyed and registered in Hong Kong.
Minister for Economic Development Laurence Skelly MHK commented:
‘This is another significant milestone for the Isle of Man Aircraft Registry, which continues to be held in high esteem around the world for its high regulatory standards coupled with a customer-friendly approach.
‘The Registry contributes significant income for the Government, supports jobs in the Island’s financial and professional services industry and provides a very positive experience for clients so I would like to congratulate the staff at the Registry for their hard work and dedication.’
Brian Johnson, Director of Civil Aviation commented:
‘The Isle of Man Aircraft Registry continues to be the best in the world for quality of service and speed of registration and its phenomenal growth rate continues.
‘As well as managing and administering the ongoing renewals of the growing number of existing aircraft on the register we are welcoming significant numbers of new aircraft.
‘Two new aircraft per week are being added on average, although in the first 15 days of May this year the registry team received 15 new aircraft applications for registration.
‘Compared with our initial first year target of 12 aircraft registrations in 2007/08 we continue to exceed our expectations.
‘Our highly successful ‘parked commercial airliners’ scheme is continuing to prove very popular and this will shortly provide us with our largest ever project.
‘A major client has asked us to register 27 airliners on this scheme which goes to demonstrate the high regard in which the Isle of Man Aircraft Registry is held and will generate a significant income stream.’
The Isle of Man remains an important one-stop shop for global aviation business with many international corporations and high profile individuals having their aircraft assets registered and managed in the Isle of Man.