Aircraft Financing Transactions - Why the Use of British Virgin Islands Business Companies has Taken Off
As the international corporate and private jet market rapidly continues to grow, the use of BVI business companies for owning corporate and private jet aircraft and helicopters is also on the increase. BVI business companies are regularly used to own the aircraft or helicopters and to act as the borrower in related financing transactions. The simple corporate legislation and sophisticated security registration system are among many of the reasons why the BVI is an attractive jurisdiction for these types of transactions.
Richard May of Maples and Calder's BVI office and Joanna Dinning of the firm's London office examine the benefits of using BVI business companies for borrowers, lenders and manufacturers in the acquisition, financing and leasing of corporate and private jet aircraft and helicopters.