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Isle of Man Registry Passes the 150 Mark

04/08/2009

Over 150 aircraft are currently registered in the Isle of Man just over two years since the registry was set up in May 2007

The Isle of Man's Aircraft Registry is likely to have more than 200 aircraft registered by early 2010.


 

Over 150 aircraft are currently registered in the Isle of Man just over two years since the registry was set up in May 2007.

Initially it was expected that 12 aircraft would be registered in the first year but the figure for 2007 was actually 51. During the second year another 73 aircraft were registered. In the first three months of the third year another 27 planes have been placed on the books.

The success of the Isle of Man registry can be seen by comparing figures with the Island's offshore competitors which have had decades of operation. Aruba has around 65 aircraft, the Cayman Islands 147 and Bermuda 190. As well as bringing in business directly to the registry it also provides business for other companies.

Director of civil aviation Brian Johnson said the aircraft business was going through some tough times in the current economic climate, but in the Isle of Man business is booming.

'In these globally difficult financial times the corporate jet is an essential, efficient, cost-effective business tool for successful international companies,' said Mr Johnson.

'These are the businesses the Island wishes to be associated with, and by providing value and service, the aircraft register is proving a huge worldwide success.'

The largest aircraft currently on the Isle of Man register is a new privately owned Airbus A340, weighing 275 tonnes and normally seating up to 440 economy passengers.