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Aircraft registry prospects finally looking up

Aircraft registry prospects finally looking up

Friday 02 May 2014

Aircraft registry prospects finally looking up

Friday 02 May 2014


Five months after Guernsey’s aircraft registry first took off, a Jersey minister has tabled the legislation that could get Jersey’s version off the ground.

Economic Development Minister Alan Maclean has published the Aircraft Registration (Jersey) Law 201- to set up a registry that reports say could generate up to £30 million.

The registry would allow aircraft, aircraft engines and aircraft mortgages to be registered here, and would give Jersey the registration prefix “ZJ-“.

Although Jersey is some way behind Guernsey in setting up a registry – the islands were working together until August last year, when Guernsey elected to fly solo with their own “Channel Islands Aircraft Registry” – the Assistant Economic Development Minister James Baker says that Jersey could still make a go of it.

He said: “As a stable, highly respected international finance centre with world-class legal and fiduciary expertise, Jersey would be a very attractive base for an aircraft registry. Reports have shown that there is a great deal of potential income to be generated in this area. With our established culture of exceptional client service and professionalism, Jersey could expect to establish a high-quality client base through its aircraft registry.”

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