Jersey Aircraft Registry…
Ready for take off!
The Jersey Aircraft Registry (JAR) became operational and registered its first new private jet of significant value on 5 November 2015
The JAR will offer:
- Registration of private and corporate aircraft
- Registration of commercial aircraft engine mortgages
- An online registration system, available 24-hours a day
- A safe and comprehensive regulatory framework
- Neutral nationality registration prefix 'ZJ-' followed by three characters of choice
The JAR has been created by two new pieces of primary legislation, namely the Aircraft Registration (Jersey) Law 2014 (Aircraft Registration Law) which came into effect on 21 October 2015 and the Air Navigation (Jersey) Law 2014 (Air Navigation Law) that came into force in December 2014.
Chris Kelleher, in charge of Business Development for the JAR stated that: “… the JAR will adopt a competitive scheme of charges and provide customers with an impressive registration turnaround”.
Appleby assisted with the establishment of the JAR by advising the States of Jersey on the structure and operation of the registry. Brian Johnson, Director of Operations for Appleby Aviation who also helped establish the successful Isle of Man aircraft registry, said: “We are very proud to have assisted with the establishment of the JAR which we see as an exciting new addition to Jersey’s offering as a highly respected and well-established financial services centre. The JAR will provide the perfect platform for customers around the world seeking an efficient registration of private and corporate high-value jets and helicopters”.
Appleby has the expertise to guide potential JAR clients through the registration process and its ongoing legal and regulatory requirements. We can also provide legal advice on the acquisition, disposal or leasing of aircraft, various ownership structures, aircraft financing and the preparation and registration of aircraft mortgages.