Maples Advises First Aviation Company to Enter Maritime & Aviation City
Maples and Calder's Cayman Islands-based Asset Finance team recently advised CHC Helicopter with respect to its application to be licensed to operate in Cayman Enterprise City's ("CEC") Maritime & Aviation City.
The team, led by Partner Wanda Ebanks and Associate Barnabas Finnigan, advised on the Cayman Islands aspects of CHC's migration from British Colombia to the Cayman Islands and its ultimate conversion to and registration as a Special Economic Zone Company within CEC's Maritime & Aviation City.
The Maritime & Aviation City is the latest services park to gain statutory approval within CEC's product offering, under the Special Economic Zone Law.
CHC Helicopter has its corporate headquarters in Dallas, Texas and is one of the largest helicopter services companies in the world, specialising in transportation to offshore oil and gas platforms, civilian search and rescue operations and air medical evacuation.
CHC's Special Economic Zone Company enables CHC to undertake strategic operational functions integral to the company's worldwide business activities from the Cayman Islands.
"We are pleased to have been instructed to act on behalf of our long-standing client, CHC in this matter," said Mark Western, Partner and global head of Asset Finance at Maples and Calder.
"While the transaction further evidences the depth of experience and know-how of our Asset Finance team it also showcases the broader technical competencies we are able to offer that are distinct from our core Asset Finance practice, such as advising on a number of areas of local law and licensing."