THE Isle of Man”s Aircraft Registry is defying all economic trends and has grown a massive 50% in the last twelve months, according to a report issued today.
Since May last year the number of aircraft joining the registry has risen dramatically, now standing at more than 350 aircraft.
According to an annual global book of business aircraft recently published by Flightglobal, the Isle of Man Aircraft Registry is already the 8th largest business jet register in the world.
A statement issued today by the Department of Economic Development said the success of the registry was attributable to high regulatory standards, the personal service offered and its competitive scheme of charges.
“All of these play a part in the ability to continue to attract an increasing number of quality private and corporate jets from across the globe. Aircraft registered in the last 12 months include the first Embraer Lineage 1000 in Europe and another 8 Global Express Aircraft bringing the total of Bombardier aircraft registered to over 70.”
The Registry also continues to actively raise its profile and will be attending Europe’s largest business jet conference, EBACE, in Geneva on May 17-19. The conference brings together all sectors of the business aviation world and is a platform from which the Island can communicate the Registry’s benefits to both prospective and existing clients.
Supported by the Isle of Man Registry, five Isle of Man companies will be attending the conference; Appleby; Cavendish Aviation; Equiom Trust Company Limited; Martyn Fiddler Associates Limited; OCRA Aerospace (Isle of Man) Limited.
“The global downturn has brought uncertainty and new challenges to the corporate aircraft industry,” said Brian Johnson, Director of Civil Aviation. “However, through the high-quality services offered and our competitive charges, we have continued to grow and engage with an increasing number of global corporations.
“EBACE offers us a further opportunity to interact with key individuals and businesses, showcasing the benefits of the Isle of Man Aircraft Registry and supporting services. We are confident that 2011 will be another successful year with more than 30 private and corporate jets already currently being processed for registration.”
Minister for Economic Development, Allan Bell MHK, added, “The continuing success of the Registry demonstrates the hard work and commitment of the team since its establishment in May 2007.
“The dynamic and business-friendly approach within the sector also typifies the broader advantages of the Isle of Man as an international centre for business.”
