FBOs
Isle of Man FBO Offers ETS Loophole

The owner of a new $4 million FBO due to open on the Isle of Man by the middle of this month is promising substantial savings for aircraft operators using it as a transit point in and out of the European Union (EU). Private Jet Company (PJC) claims it can provide savings of up to 60 percent from reduced exposure to the cost of the EU emissions trading scheme (see box). The British Crown Dependency is outside the EU so its operators can also avoid value-added tax (typically around 20 percent in Europe) on aircraft importation, as well as on fuel and services such as handling.