The Civil Aviation Authority of the Cayman Islands recently exhibited at the Asian Business Aviation Conference & Exhibition (ABACE) in Shanghai, China. The show was held on 16-18 April at the Shanghai Hongqiao Airport – Shanghai Hawker Pacific Business Aviation Service Centre.
The delegation was led by Director-General Richard Smith and accompanied by senior personnel specialising in airworthiness and flight operations. The event attracts entrepreneurs, decision-makers and other attendees from China and across Asia.
A recent article by law firm Mourant on trends in corporate jet financing in Asia noted that the Cayman Islands Aircraft Registry currently holds the highest number of aircraft registrations after the US.
The register is recognised as a leading jurisdiction for cross-border aircraft financing and aircraft registration.
Statistics for the first half of 2018 indicate that the CIAR is a popular choice for corporate jet owners in Asia with more than 30% of aircraft on the register coming from Asia, the aviation authority said.
“The ABACE 2019 tradeshow is a signature event for the CAACI in the promotion of the Cayman Islands Aircraft Registry in the Asian market. We had very productive meetings with a number of aircraft management companies including TAG Aviation Asia, Business Aviation Asia and HK Bellawings, as well as many aircraft maintenance organisations,” Smith said.
“A highlight of our visit was media recognition of the Cayman Islands Part 145 Approval issued to Phoenix Jet of Japan, the first such approval in that country. This signifies a breakthrough into the Japan business aircraft industry and increases potential for Cayman Islands-registered aircraft in that jurisdiction.”