Carey Olsen has acted as the legal adviser to a major international aircraft leasing and finance business and the first registration of an Airbus A319 on the Channel Island's recently launched Aviation Registry, the 2-Reg.
The registration formed part of a larger financing and leasing transaction undertaken on a tight time frame.,
The matter was led by Carey Olsen partner, Russell Clark, and assisted by senior associate Ruth Abernethy and demonstrated the robust but flexible nature of the 2-Reg.
Advocate Clark said: “The 2-Reg's flexible and competitive registration process for the registration of aircraft assets offers many advantages and Carey Olsen was pleased to work with an important industry player to assist them in capitalising on the advantages offered by the 2-Reg.
“The 2-Reg was established to allow aircraft assets to be registered in Guernsey in a commercially-sensible way and to allow aircraft owners to benefit from Guernsey's strength and stability as an international financial centre.
“The 2-Reg offers great opportunities for growth in the finance and fiduciary sectors in Guernsey including through aircraft financing and we look forward to working with our clients in order to ensure they are able to capitalise on such opportunities."