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Review: Aircraft Registry

Committee/Panel: Economic and International Affairs Panel
Launch Date: 14 March 2012 Close Date: To be advised
Submissions Deadline: To be advised Review Status: Report published
Review Report(s):
Ministerial Response(s):

About

The concept of a Jersey Aircraft Registry is not new, but the introduction of the Isle of Man Registry, and developments in other jurisdictions in Europe, including Malta, has seen the matter re-emerge. However, Jersey has yet to confirm the general merits of the business case (eg what the unique selling point is, and issues around VAT are unresolved), or the specific details of what the Registry would look like (eg joint with Guernsey or stand alone?).

With progress limited to date, this objective review should assist the decision making of the Minister for Economic Development on the options available, through the impetus provided by an impartial evaluation of the underlying business case and options available.

Terms of reference

 

  1. To examine the potential value to the Island’s economy for current proposals to establish either:

                      i.        a Jersey Aircraft Registry or;

                     ii.        a Channel Islands Aircraft Registry in partnership with Guernsey

 

  1.  To assess key structural elements of an Aircraft Registry involving Jersey, including:

 

                      i.        safety standards/regulation

                     ii.        the unique selling point

                    iii.        the location of the Registry

                   iv.        VAT and GST related issues

                    v.        cost (development and administration) and strategic partnership

 

  1. To establish whether the potential economic value and key structural elements of either current option for an Aircraft Registry are sufficiently robust to merit continued exploration by the Minister for Economic Development.