Representatives of Cayman’s aircraft registry were beating the drum for more business at a prestigious aviation conference in Switzerland.
The Civil Aviation Authority of the Cayman Islands (CAACI) used the event to publicise the benefits of registering aircraft in the islands through the Cayman Islands Aircraft Registry, along with Cayman Maritime & Aviation City in Cayman Enterprise City.
A spokeswoman for the authority said, “The CAACI’s presence at the European Business Aviation Convention and Exhibition facilitated valuable meetings with both existing and prospective clients and other aviation industry stakeholders, strengthening relationships and increasing awareness to the CAACI’s credible registration offerings and regulatory provisions, paving the way for potential new aircraft registrations and opportunities.”
She added, “The CAACI is pleased to further the strategic partnership between the authority and Cayman Enterprise City that provides key elements required for the jurisdictional establishment for operators engaged in commercial operations offshore.”
She was speaking after the Cayman team last month promoted the registry and the country’s VP-C prefix at the two-day show, an annual event held in Geneva.
The islands’ registry is home to aircraft from around the world, mostly corporate business jets, as well as the country’s flag carrier Cayman Airways.
The spokeswoman explained that the authority and Cayman Enterprise City had teamed up to sell the islands to the global aviation industry, highlighting its good regulatory framework, neutral tax status and its respected legal and financial systems.
She added the islands were “the perfect domicile from which to operate a business aviation company”.
The spokeswoman said, “Clients that qualify are aircraft owners and brokers, technology companies and start-ups and engaged in aviation research and development, the head offices of aviation industry businesses, aircraft manufacturing and repair businesses and businesses that provide management consultancy and other specialised services to the aviation industry.”
Cayman Enterprise City handles zone trade certificates (ZTCs) for its Cayman Maritime & Aviation City, an award-winning special economic zone, after applications for air operator’s certificates are made to the authority.
After Cayman Enterprise City confirms that a ZTC has been granted, an investigative process is carried out by the authority before it grants an air operator’s certificate.
The CAACI is responsible for the safety of aircraft on its books and carries out annual inspections. It is one of only three UK overseas territories to have full designation for safety oversight.
It also has a category 1 designation from the US Federal Aviation Administration for its ability to regulate its aviation industry.
The accolade means Cayman-registered commercial air transport companies can fly internationally because the jurisdiction has qualified and experienced staff able to manage its aviation sector to the highest global standards.
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