Since the introduction of Guernsey's aircraft registry, the
2-Reg, in 2013, aircraft financing continues to grow in popularity
in the island, according to offshore law firm Carey Olsen.
Guernsey has become a highly-regarded jurisdiction for aircraft
finance alongside other domiciles such as Cayman and the BVI due to
its tax-efficient nature, which has been endorsed by the increased
volume of transactions.
Following the law firm's involvement with the first
registration of an Airbus A319 on the 2-Reg as the legal adviser to
a major international aircraft leasing and finance business, Carey
Olsen's corporate team in Guernsey has since advised on a
variety of aircraft financing deals.
Most recently the firm has advised subsidiaries of Amedeo Air
Four Plus Limited, a leading aircraft leasing and investment
company, in relation to debt finance facilities.
The funds were used to acquire four Airbus A380 aircraft, all of
which have been leased to Emirates Airline for an initial term of
12 years with fixed lease rentals for the duration.
Partner Ben Morgan and senior associate John Scanlan led the
Carey Olsen team advising on the Guernsey aspects of the
Carey Olsen has also advised on the successful initial public
offering of a variety of aviation companies on the Specialist Fund
Market (SFM) of the London Stock Exchange (LSE) including Amedeo
Air Four Plus and Doric Nimrod Air Three.
Advocate Morgan said: "Carey Olsen's increasing
involvement in aircraft financing and structuring complements the
continuing success of the 2-Reg which offers a flexible and
competitive process for the registration of aircraft assets. This
allows aircraft owners to benefit from Guernsey's strength and
stability as a well-regulated, international finance centre. Our
corporate practice has continued to diversify and expand its
portfolio with the emergence of markets such as these.
"With the launch of Jersey's own aircraft registry,
(JAR), in November last year, we expect that our experience in
Guernsey, as well as our work in Cayman and the BVI, will give
clients access to unrivalled depth and expertise in aircraft
financing across all of our jurisdictions."
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