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Ownership 2.qxp_Finance 24/08/2021 14:44 Page 1

OWNERSHIP

How to De-Register & Re-Register Your Jet Fuss-Free

De-registering a business jet from one registry and re-registering it in another jurisdiction can be a complex, time-consuming process. Chris Kjelgaard asks leading aviation law firms from around the world how owners can make the task as quick and easy as possible… hether or not the aircraft is being sold in the process, the key takeaway for every businessaircraft owner who wants to de-register their aircraft from one country’s registry and have it registered in another jurisdiction is that the process requires both time and detailed advance planning, in order to be accomplished with the minimum of cost and fuss. Obtaining expert advice on how to successfully overcome the many legal, operational, technical, financial, and tax issues which apply during de-registration and reregistration is always vital, as the highly experienced counsellors with four leading aviation law firms in the USA,

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48  Vol 25 Issue 9 2021  AVBUYER MAGAZINE

Canada, the UK and Malta agree. That doesn’t mean that sellers, buyers, and continuing owners of aircraft which are to be de-registered and reregistered should only consult law firms, says Daniel Aquilina, Partner in Maltese commercial law firm Ganado Advocates’ Ship Finance and Aviation practice. “If we were approached to help, we would set out timelines and say what is expected,” in terms of the arrangements the parties to the process should make and the actions they should take, says Aquilina. “We will suggest that the client gets advice from the right people” for every aspect of the process — legal, technical, remarketing, operational and tax. “Everyone [consulting in www.AVBUYER.com

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Profile for AvBuyer Ltd.

AvBuyer Magazine September 2021  

The September 2021 Edition is out now. Read all the latest Business Aviation intelligence from the world's leading experts in AvBuyer Magazi...

AvBuyer Magazine September 2021  

The September 2021 Edition is out now. Read all the latest Business Aviation intelligence from the world's leading experts in AvBuyer Magazi...

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