By NATARIO McKENZIE
Tribune Business Reporter
nmckenzie@tribunemedia.net
THE Government has selected an aviation consulting firm that will develop the framework for a Bahamian aircraft registry, a Cabinet minister said yesterday.
Glenys Hanna Martin, the minister of transport and aviation, told Tribune Business that ICF International, a provider of consulting services and technology solutions to governments and commercial clients, had been hired to help the Government establish an aircraft registry.
“They have been selected for the purpose of helping us develop the template and framework for an aircraft registry, including an analysis of it,” said Mrs Hanna Martin.
She added that the Government was proceeding with plans to establish not only an aircraft registry in the Bahamas but a yacht registry also.
Senior aviation attorney, Llewellyn Boyer-Cartwright, who has been leading calls for the creation of a Bahamian aircraft registry, has repeatedly touted its huge economic benefits and potential as a ‘value added’ service to the financial services industry’s high net worth clients.
Mr Boyer-Cartwright said yesterday that news of successes by other registries reaffirms how great the demand is, and how valuable aviation is to an economy.
“The Guernsey-based Channel Islands International Aircraft Registry went live on December 9, 2013, and just last week reported its first year’s activity, 32 aircraft registered – Brazil, UAE, Australia, Canada, USA, China, some of the heavy hitters in this industry – with a total value of £250 million ($379 million),” said Mr Cartwright, a Callenders law firm partner who specialises in aviation law.
“That is an absolutely stunning success and clear evidence of how great the demand for quality registries is.”
Comments
Economist 9 years, 9 months ago
Well done Mr. Boyer-Cartwright! Finally Government has seen the light. Are they too late, only time will tell.
Sad, they probably had the expertise in the country to do this, but have decided to take Bahamian Taxpayers money and spend it outside The Bahamas where the recipients will pay part of the Bahamians hard earned money to the taxman, of another country, out of their profits.
Had the Government employed Bahamians, the money would have stayed in our economy.
Bahamian works hard in his business - Government collects tax from Bahamian - Government uses Bahamians money to employ foreigner. Emm....Bahamianization doesn't apply to Government?
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