Thursday 12 September 2013
At a recent meeting between the Jersey Economic Development Minister and the Minister for Commerce & Employment in Guernsey, a decision was made not to proceed with a joint Channel Islands Aircraft Registry.
It became apparent over recent months - after a great deal of effort and having taken independent expert legal opinion - that a single Registry could not meet the separate operational & commercial interests of both islands and it was therefore decided that each jurisdiction would move ahead with separate plans.
Guernsey's Commerce and Employment Minister, Deputy Kevin Stewart said "A full range of options were explored but after lengthy consideration there was not one option that was workable and provide the same mutual business benefits. The result is that both Islands will now be setting up separate registries in a growing global market place."
Jersey's Economic Development Minister, Senator Alan Maclean, said "After detailed discussions we agreed it would not be possible to establish a joint registry which would safeguard the commercial interests of each Island's financial service sectors.
"Our two governments remain committed to joint working, and we will continue to look for areas where we can work together to benefit Channel Island residents. For instance, a joint Financial Services Ombudsman Scheme due to launch in early 2014.
"While the considerable commercial and operational obstacles meant a joint Aircraft Registry has not proved possible, we look forward to developing other pan-island activity in economic development."