The Isle Of Man Aircraft Registry: 10 Years of Success
The Isle of Man Aircraft Registry was established by the Isle of Man Government in 2007, primarily to bring additional economic prosperity to the Isle of Man’s private sector. From a very small beginning, the team now comprises around 20 aviation specialists with the business ethos of ‘Safety and Service’.
Currently led by the Director of Civil Aviation, Simon Williams, the registry continues to grow and expand its services, while continuing to meet the highest regulatory standards for a private aircraft registry.
- The Isle of Man Aircraft Registry has registered more than 925 aircraft since commencing operations and is now the 6th largest private/corporate aircraft registry in the world.
- The Registry was named ‘Best Global Aviation Registry’ in World Commerce Review Magazine’s 2017 awards. The panel considered: product innovation, ongoing customer support and best practice as part of its core criteria.
Services Offered by the Registry
The Registry specialises in quality private and corporate business jets, with a tailored process, including the following key services:
- Registering aircraft
- Mortgage services
- Licence validations, changes and renewals
- Certificates of Airworthiness for Export, and Deregistration
- Flight operations – supporting gaining the necessary operational approvals
- Registration of aircraft between commercial leases
- Approving the airworthiness of aircraft
Benefits of Registration in the Isle of Man
The Register
- The largest European based private and corporate aircraft register
- Neutral nationality registration prefix ‘M’
- Competitive scheme of charges
- Secure mortgage register
- High service levels and a quality international reputation
- No insurance premium tax
The Jurisdiction of the Isle of Man
- The Isle of Man is on the OECD ‘white list’ of countries complying with the global standard for tax cooperation and exchange of information and is a jurisdiction with high regulatory standards
- Clear and simple taxation regime
- European time zone
- Stable legal and political environment
- Professional infrastructure with experience in aviation finance
Aircraft Regulatory Standards in the Isle of Man
- As a Crown Dependency of the United Kingdom (UK), the Isle of Man falls wthin the UK’s ratification of the Chicago Convention.
- International Civil Aviation Organisation (ICAO), Standards and Recommended Practices are implemented in the Isle of Man and all of the information required under the ICAO’s Universal Safety Oversight Audit Programme (USOAP) is maintained and updated in the Isle of Man.
- The Isle of Man was audited by the ICAO in 2009 as part of the UK USOAP inspection. It performed very strongly with results comparable to countries with safety regulatory regimes that have been in existence for far longer.
Summary
The key advantages of the Isle of Man Aircraft Register is that it is a commercial registrar, complying with high regulatory standards, with a very supportive Government, in a Moody’s Aa2 rated jurisdiction. Registrar staff have a strong technical and customer focused approach.
The ‘M’ reg itself is an additional benefit, with many owners choosing to customise the use of the ‘M’ on their private jet to link to business or family names. The M prefix can also be transferred on to the next private jet when buying a new aircraft.
Additional Information
If you require any further information regarding the above article, please speak to your usual Dixcart contact or to David Walsh at the Dixcart office in the Isle of Man.
Dixcart Management (IOM) Limited is Licensed by the Isle of Man Financial Services Authority.
