The aircraft registry was launched a decade ago, and has seen a total of 831 aircraft registered during that time.

Currently, there are 283 aircraft registered, compared to 289 in August 2021. Of those, 109 are below 5700kg, and 174 are over 5700kg - compare to 118 and 171 a year ago respectively. 

So far 2022 has seen between 20 and 30 transactions per month which includes both registrations and de-registrations.

Economic Development said this indicates "a very healthy registry with a lot of activity".

Pictured: 2-REG was reviewed last year with a number of areas looked at.

Following a review of how 2-REG works in 2021, the focus is now on higher value large aircraft transitions.

These aligns with two key objectives for the Aircraft Registry which are for it to operate at zero cost to the States as a minimum and to generate a direct profit and to facilitate incremental GDP for the aviation sector and the wider Guernsey economy.

While the first objective has been met, a study by The Aviation Working Group, composed of stakeholders from the legal, trust, fiduciary and aviation services firms, focusing on the second objective, estimated the incremental income attributable to the Registry was around £1.4 million in 2019.

The Report added: “As 2-REG grows, we see these figures increasing. It should also be borne in mind that this represents only what our businesses are generating. Accordingly, if our group comprised of all businesses affected by 2-REG, it would mean that this figure would likely be substantially higher”.

Pictured: Guernsey Airport.