Created in May 2007, the Isle of Man Aircraft Registry is specifically aimed at private and corporate business jets and twin turbine-engine helicopters. An unqualified success, having registered over 1,000 aircraft since its inception, it is the world’s leading and largest offshore business jet register.
The high esteem in which the registry is held across the industry recently resulted in the accolade of “Best Aircraft Registry” from Corporate Jet Investor.
About the Isle of Man
The Isle of Man is one of the most politically and economically stable jurisdictions in the world. Conveniently situated within the British Isles, the island is politically and constitutionally separate from the UK. It has its own political system and its own independent Parliament (Tynwald) – the oldest continuous parliament in the world with over 1,000 years of unbroken rule. Tynwald is responsible for setting the island’s laws, including matters of taxation, and the island has one of the highest credit ratings of any offshore financial centre.
Neutrality of aircraft’s
An aircraft registered in the Isle of Man will bear the nationality mark “M” followed by four characters. The neutrality of the prefix is a unique selling point as “M” registered aircraft can fly worldwide without restraint due to the register’s independence and it not being classified as a flag of convenience. It is also beneficial to aircraft operating in unstable world regions.
The “M” prefix followed by four characters has enabled registered owners to be inventive and personalise their registration, with some highlights being: M-YJET, M-YTOY, M-IDAS and M-YBBJ. Personal registrations may also be transferred to the owner’s next aircraft.
The regard in which the mark is held can also have a positive effect on the value of the registered aircraft, as one industry leader commented: “I think one of the most important things is that an M registration doesn’t devalue the aircraft. If you choose a register which is well respected then that proves to be a good decision. If you put it on some of the ‘shadier’ registers that we have experienced, then you will try to sell it and people are going to be completely uninterested.”
The “can do”, pragmatic and business-friendly philosophy of the Isle of Man Aircraft Registry and the Isle of Man’s government in general, coupled with world-class professional services, make the Isle of Man a compelling choice for anyone looking to register either a business jet or a twin-turbine engine helicopter.