Isle of Man lures U.S. operators with promised tax incentives | Aviation International News

Finance, Taxes, Insurance

Isle of Man lures U.S. operators with promised tax incentives

The new Isle of Man aircraft registry could be a possible safe haven for N-registered business aircraft based in Europe.

By Ian Sheppard

June 2, 2008

The new Isle of Man aircraft registry could be a possible safe haven for N-registered business aircraft based in Europe. European civil aviation authorities, such as those of France and the UK, have indicated that they are unwilling to tolerate the situation in which aircraft that spend most of their time in Europe remain on the U.S. registry for a variety of reasons, including operators’ desire to avoid making costly technical modifications.

According to Douglas Aviation Services, which handles the affairs of companies and individuals registering aircraft in the Isle of Man, European aviation officials have indicated that they view the offshore registry as an acceptable alternative. Aircraft registration experts have told AIN privately that this could be a face-saving opportunity for European aviation authorities, which they say do not have strong legal grounds to force N-registered aircraft onto their registries. In fact, the Isle of Man is also seeking to attract aircraft currently registered in other European countries, as well as in Asia and the Middle East.

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