Aircraft management and charter group Phenix Jet has achieved what it says is the first-ever temporary registration for a business aircraft in the Asia-Pacific region. The registration of a Bombardier Challenger 850 through the Civil Aviation Authority of the Cayman Islands (CAACI) was processed while the jet was at Singapore Seletar Airport (WSSL) and took five business days.
A transition registration allows an aircraft to legally operate globally during the course of the transaction and before it is relocated to its new operating base. Phenix Jet—which has operations in Japan, Guam, Hong Kong, and Singapore, as well as a division in the Cayman Islands—said this approach reduces delays in deals getting closed. It also gives greater flexibility about where the aircraft is delivered and ensures that an adequate export certificate of airworthiness is in place for regulators.
The company, which works closely with CAACI, expects to arrange other transition registrations in the Asia-Pacific region. CAACI director general Richard Smith said the process is evidence of its commitment to expanding its presence in this part of the world.
“This is a first for Asia-Pacific and a big step in improving global flexibility for aircraft owners and operators,” said Phenix Jet Cayman (Hong Kong) CEO Andrew Svoboda.
The Challenger 850 was being sold by an owner based in China to a new owner in Turkey.