|From Business Airports International, June 2015 Issue|
The EJ Register is the new Irish ‘gold standard’ aircraft register for private and corporate aircraft. It is an EASA (European Aviation Safety Agency) register, meaning that unlike other offshore registers, it operates entirely in compliance with current and forthcoming EASA regulations.
The forthcoming EASA Non-Commercial Complex (NCC) aircraft regulations will impose severe restrictions on the operation an offshore-registered aircraft within Europe and the new EJ register already takes into account these regulatory changes.
Two types of registration are possible:
1. Public Transport registration, where the aircraft is operated under an Aircraft Operator’s Certificate (AOC) and can fly for hire and reward.
2. Private (NCC) registration in excess of 12,500lb maximum take-off weight, where the aircraft does not operate under an AOC and cannot fly for hire or reward.
Of interest for many owners and operators will be the fact that the EJ register will support the temporary withdrawal of an aircraft from an AOC for valid operational reasons. Since EASA’s Part-NCC regulations, like an AOC, stipulate an operations manual and post-holders must be in place, an operator who maintains both AOC and NCC paperwork will be able to ‘flip’ an EJ aircraft with a minimum of formalities. In addition, EJ registration marks can be transferred between aircraft, for example on the sale of an aircraft. The registry designation EJ will be followed by four alphabetical characters (for example EJ-IASC) allowing for the personalization of aircraft registrations.
Ireland has an established reputation as a stable jurisdiction from which to access global capital markets. In recognition of Ireland’s strong pro-business environment, Forbes magazine voted Ireland as The Best Place in the World for Business in October 2013.
Within this highly positive economic landscape, Ireland has also created a legal and taxation framework that is most attractive for aviation and aviation related businesses and this small country is also a very attractive base for aircraft registration, ownership, charter and leasing. Today, Ireland is the global capital of the aircraft leasing industry, with over 40 years’ heritage and approximately 50% of the world’s current leased aircraft fleet (4,000+ fixed and rotary wing) being owned and leased from the island.
In addition, Ireland is considered to have one of the best aviation regulatory jurisdictions in the world, operated by the IAA. Operating in full compliance with EASA regulations, both financiers and insurers of aircraft have a very positive view of the IAA and can do business in the knowledge that aircraft are maintained in a full state of airworthiness and their crews are fully trained in compliance with EASA regulations, resulting in ease of financing and insurance for Irish-registered aircraft. Of just as much importance – resale values are also protected.
Shannon Free Trade Zone
A further attraction for private and corporate aircraft owners and operators is the Shannon Free Trade Zone (FTZ). Located on the west coast of Ireland and established in 1959, the Shannon FTZ was the world’s first – a geographic area where goods can be landed, handled, manufactured or reconfigured and re-exported without the intervention of the customs authorities.
Shannon Airport’s International Aviation Services Centre (IASC) is re-inventing the FTZ in a 21st-century context, offering specific taxation advantages to the global aerospace and aviation industry.
At the very heart of the FTZ is Shannon Airport. Shannon is a key strategic location on the trans-Atlantic route between Europe and the Americas, located close to one of the key great circle routes for trans-Atlantic transit. Shannon is designated by the Irish government as the national Centre of Excellence for corporate and business aviation, and is already a major transit stop for corporate aircraft and the only airport outside the Americas offering US CBP pre-clearance to corporate aircraft passengers.
The new EJ registry will further strengthen Ireland’s reputation as an attractive location for business aviation.
Read more about the EJ registry here.
About the author
Joe McDermott has worked with Landmark Aviation and Universal Aviation. As founder of Global FBO Consult he has worked on projects with EAN Aviation (Nigeria), Moroccan Aviation Services, Aero Lead (Nigeria), Jet Assist (Belfast), Dublin-Weston Executive Airport, South Aer FBO (Ireland), Skyplan Dubai to name a few.. Global FBO Consult specializes in providing cost effective solutions to assist airports and FBOs grow efficiently and deal with the competition head on, allowing them to attract new customers, keep existing customers and generate maximum revenue.
June 15, 2015