This practice is international in outlook but is certainly strongly connected to the fast-growing success of the relatively young Guernsey aviation registry, 2-REG.

2-REG, a public-private partnership between the States of Guernsey and SGI Aviation, has been quick to secure its position as a market leader. Within 17 months of being established 50 aircraft had been registered, increasing to over 150 aircraft now registered, including a number of high-profile clients and aircraft such as the Boeing 787 Dreamliner, and interest continues to take off.

Distinguishing itself from rival registry jurisdictions, in November 2015 Guernsey ratified the Cape Town Convention on International Interests in Mobile Equipment (the Cape Town Convention) and the corresponding Aircraft Protocol. This has proven to be a great benefit to 2-REG giving global certainty and recognition to Guernsey-registered aircraft and international interests created in Guernsey itself. The Cape Town Convention is an ambitious piece of international commercial law with the purpose of providing a stable international regime for the protection of secured creditors, conditional sellers and lessors of aircraft.

Amendments to the aviation laws in Guernsey have also paved the way for the issue of aircraft operator certificates (AOCs) by 2-REG, a real “USP” for 2-REG increasing its attractiveness globally. AOCs allow for the commercial operation of Guernsey-registered aircraft in accordance with international law and provide a valuable opportunity for owners to generate additional revenue from their aircraft when not being used.

All in all the success of 2-REG, the introduction of AOCs and the convenience of Guernsey as a location for a non-EU stop to transfer title in an aircraft have kept the Appleby team extremely busy in an area which is constantly developing.

Read More

Share
Twitter LinkedIn Email Save as PDF
More Publications
7 Dec 2021 |

Notaries, E-Apostilles and Technological Changes

Notaries form the oldest branch of the legal profession. Their origins can be traced back to the Ro...

25 Nov 2021 |

Regulatory Approach to ESG across the Crown Dependencies

New requirements may require investment products to display a label reflecting their sustainability ...

5 Oct 2021 |

Notaries: Are Simple Certifications a Thing Anymore?

Notaries are primarily concerned with the authentication and certification of signatures, authority ...

30 Jul 2021 |

Fighting international fraud

First published in New Law Journal, July 2021. Appleby partners Anthony William and Jared Dann an...

Contributors: Jared Dann, Claire Corkish
20 May 2021 |

The Gender Pay Gap Debate – a response to comments on social media

As a lawyer the majority of articles we write are about a particular case or a legal issue – which...

4 May 2021 |

New Private Investment Funds in Guernsey

In December 2020, the Guernsey Financial Services Commission (Commission) published a consultation p...

16 Mar 2021 |

Guernsey Structures - The Cannabis Investment Conundrum

Jurisdictions around the world have adopted different positions in relation to the legality of the c...

Contributors: Oratile Jonas
12 Mar 2021 |

Material adverse change clauses in light of the Covid-19 pandemic

Experts from each of our key global offices provide jurisdiction specific advice and answer question...

8 Mar 2021 |

Appleby Celebrates International Women’s Day

International Women’s Day is celebrated annually in support of gender equality and equal participa...