The Isle of Man's Aircraft Register has marked another significant stage in its expansion with the arrival of the first European registered Embraer Phenom 100 jet which landed at Ronaldsway Airport after flying from Sao Paulo, Brazil.

The Brazilian built luxury private jet bears the memorable registration M-INXY - and is owned by local company Midland Aviation Limited. The complex arrangements for the importing, registration and corporate ownership of the new aircraft were all handled by various parts of the ICM Group, including ICM Aviation and Inter-Continental Management Limited.

Mark Byrne, Group Director, said: 'It's always a special occasion when one of our managed holding companies' aircraft or yacht arrives on the Island, but in a year when we are celebrating our own twenty-fifth anniversary it's an extra special occasion. We are also delighted that it has proved a European first for the Island in an area where we are rapidly becoming known as world leader.

'Unprecedented Interest'

'We have seen unprecedented interest in aircraft registration in the Isle of Man and attracting this latest aircraft is yet another feather in the cap for the superbly managed Isle of Man Aircraft Registry.'

In the two years since its launch, the registry has attracted over 136 aircraft that now bear the 'M' prefixed registration. Director of Civil Aviation, Brian Johnson, added:

'This latest registration highlights the benefits of the Isle of Man registry. Our strategy has always been to offer a cost-neutral service to make the registration and other related services significantly cheaper than those of most other national registers.

'As a Government initiative, this encourages new business and employment opportunities for the Island's banks, legal and insurance firms. But it's not simply a matter of saving money - not only is our process highly competitive, it is also convenient, flexible and follows the highest international safety standards.'

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.