Grand Cayman, Cayman Islands (21 May 2019) –The Civil Aviation Authority of the Cayman Islands (CAACI) announces the issuance of the first Air Operator Certificate (AOC) for fixed wing commercial operations in the Cayman Islands’ Special Economic Zone to Cayman Bellawings, an affiliate of Hong Kong Bellawings business jet management company. HK Bellawings currently operates nine aircraft on the Cayman Islands Aircraft Registry including the Gulfstream G-200 to be operated by Cayman Bellawings under the AOC.
Director-General, Civil Aviation Authority of the Cayman Islands P. H. Richard Smith presents AOC to Mr. Zhang, President of HK Bellawings along with Mr. Charles Kirkconnell, CEO of Cayman Enterprise City.
“We are very pleased to announce this milestone development for the Cayman Islands Aircraft Registry. The strategic partnership between the Civil Aviation Authority of the Cayman Islands (CAACI) and Cayman Enterprise City (CEC) provides key elements required for facilitating jurisdictional establishment for offshore operations and Cayman Bellawings has demonstrated the viability of this arrangement. We are excited to have Cayman Bellawings operate commercially under Cayman Islands jurisdiction and look forward to their continued growth as they serve the needs of this dynamic industry” said Director General of CAACI, Mr, Richard Smith. .
HK Bellawings is the third largest fleet operator in Hong Kong and provides a diverse array of professional, highly efficient and comprehensive business aviation services and solutions to their clients, which include business jet management, aircraft maintenance, travel concierge service, aircraft acquisition service, and business aviation consultancy.
“We are honored to be the first AOC holder endorsed by the CAACI. Bellawings would regard Cayman Islands as one of our bases in the future to help expanding the diversity of local aviation industry and bring more fly options to clients around the world.” Said Mr. YJ Zhang, President of HK Bellawings.
“It is a pleasure to welcome internationally recognised jet management company, Cayman Bellawings to the Cayman Maritime & Aviation City community. We know that the Cayman Islands is a great place to live, work, and do business from, and we’re pleased to see that businesses as far away as Hong Kong agree. The growth of the Aviation Services Industry good news for the Cayman Islands as we work towards diversifying our economy, attracting businesses to establish a genuine physical presence, and assist in growing the number of career opportunities for Caymanians,” said Charlie Kirkconnell, CEO Cayman Enterprise City.
CAACI and CEC are jointly marketing the Cayman Islands to the aviation industry, promoting its robust regulatory environment, neutral tax status, sound legal and finance systems and first-world life style, touting it as the perfect domicile from which to operate a business aviation company. Clients that qualify are aircraft owners and brokers, technology companies and start-ups engaged in aviation research and development, the head offices of aviation industry businesses, aircraft manufacturing and repair businesses, and businesses that provide management consultancy and other specialized services to the aviation industry.
FOR MORE INFORMATION:
The Civil Aviation Authority of the Cayman Islands
LinkedIn: Civil Aviation Authority of the Cayman Islands
The CAACI has full designation for safety oversight as a UK OT, and is one of three OTs to enjoy such delegation. The CAACI is responsible for both financial and economic regulation of the Cayman aviation industry. In addition, the Cayman Islands is classified as Category 1 by the USA Federal Aviation Administration under their “International Aviation Safety Assessments” programme that evaluates a country’s civil aviation authority’s ability to effectively regulate its aviation industry. This rating enables commercial air transport operators registered in Cayman to conduct international air transport operations into the USA, i.e, Cayman Airways, Ltd. The requirement for such rating lies with the CAACI being assessed as having technically qualified and highly experienced staff to effectively regulate the aviation industry in accordance with established standards and recommended practices of the International Civil Aviation Organisation (ICAO).