Story ID: 314ebace
CAACI Makes Annual EBACE Visit
By: Curt Epstein
Caption: They are on hand to discuss the benefits of their aircraft registry and tout a newly-formed special economic zone for aviation.
Word Count: 290
The Civil Aviation Authority of the Cayman Islands (CAACI) is once again be exhibiting this year at EBACE, marking the 18th time the authority has appeared at the show.

The CAACI provides customized and tailored service to the clients on the CI Aircraft Registry, and its VP-C Online electronic data management portal has proved an efficient, effective, secure, and convenient method of managing the processes for aircraft registration and operational authorizations, according to officials.

Leading the delegation at the Authority’s booth in Geneva (K51) will be director general Richard Smith, accompanied by CAACI technical and administrative personnel to promote the registry. In addition, Charles Kirkconnell, CEO of Cayman Enterprise City (CEC), will be in attendance to promote the newly established Aviation City within the CEC Special Economic Zone, a hub for globally focused businesses within the aviation sector seeking access to Cayman’s tax-neutral environment. Businesses established within CEC have the benefit of no local corporate, income, sales, capital gains, or payroll tax.

As CAACI works in close partnership with local aviation specialists to ensure that aircraft registrants have expert guidance on pertinent laws and procedures, Sherice Arman, a partner with aviation law firm Maples and Calder will also be available at the booth to discuss aviation finance, registration, and legal matters with attendees.

The Cayman Islands registry has been a party to the Convention on International Interests in Mobile Equipment and its aircraft equipment protocol, commonly referred to as the Cape Town Convention, since 2015. The international treaty aims to standardize transactions involving movable property such as aircraft, and its recognition in the Cayman Islands offers a measure of comfort to financial institutions that participate in aircraft finance transactions.