The Civil Aviation Authority of the Cayman Islands conducted training on the process of registering an aircraft in the Cayman Islands on Friday 1 February.
In attendance were representatives of the private sector including law firms, financial institutions, and company administration firms; as well as representatives of Cayman Islands government agencies and statutory bodies such as the Investment Bureau, the Cayman Islands Shipping Registry, and the Department of Finance PR Unit along with CAA staff.
Director-General of the CAA, Richard Smith remarked in a press release, ‘As the custodian of the Cayman Islands Aircraft Registry, the CAACI regulates against stringent international standards and policies, and with a growing interest in the Cayman Islands as a preferred asset management option for aircraft registration, the need to communicate with industry is critical to our reputation and continued success.’
The process of registering an aircraft in the Cayman Islands involves many partners, including the potential aircraft owner, registered local company, legal advisors, management companies, aircraft brokers, financiers, said the release. The CI Registry is comprised primarily of aircraft based overseas and operating in the private category. Aircraft operated by local air operator certificate holders such as Cayman Airways, Cayman Airways Express and Cayman Islands Helicopters are also included on the Registry. With approximately 140 aircraft currently on the CI Registry, the CAACI team in Grand Cayman, supported by contracted airworthiness surveyors in Europe and North America, are busy conducting aircraft surveys, inspecting maintenance facilities and validating pilot licenses every day.
As signatory to the International Civil Aviation Organization, the UK is obligated to ensure that its Overseas Territories comply with the standards and recommended practices of ICAO. Accordingly, the UK provides statutory instruments to regulate the aviation industry in its OTs through the Air Navigation (Overseas Territories) Order and the Overseas Territories Aviation Requirements. The CAACI ensures that aircraft on the CI Registry are maintained and operated in accordance with the provisions of these statutory instruments through its inspection and licensing processes, said the release.
The aircraft registry training was presented by CAACI’s Air Safety Regulation Division Director Ian Scott, whose division oversees and maintains the CI Registry. Mr. Scott’s presentation focused on providing attendees with awareness of ICAO, the international standards by which the Cayman Islands are held and to which they regulate, and a detailed review of the various steps and processes involved in registering an aircraft on the CI Registry including the formal application, due diligence, airworthiness surveys, registration mark selection, levying of fees and annual certification renewals.
The first of its kind, this seminar was well attended and response to the materials presented has been positive. ‘We anticipate hosting additional seminars throughout the year which will help the relative industries understand the specifics of registering an aircraft and make the entire process seamless,’ commented Mr. Scott.
Companies interested in attending such seminars or in need of information on the aircraft registry should contact the CAACI at [email protected].