Grand Cayman, Cayman Islands (18 June 2020) – The impact of the ongoing pandemic COVID-19 on the aircraft industry has been unprecedented. The Civil Aviation Authority of the Cayman Islands (CAACI), custodian of the Cayman Islands’ Aircraft Registry (CIAR), has implemented proactive measures to meet these new challenges providing enhanced services to our existing and potential clients associated with aircraft leasing and financing transactions.
The CAACI has always recognised the importance of aircraft financiers and lessors, as many of our clients in aircraft ownership and operation depend on these financial intermediaries. This is a valuable relationship we wish to foster through an insightful and collaborative understanding to the interdependencies of the industry. We have introduced material processes, bespoke products and refined online portals, all specifically designed to support the interests of lessors. The CAACI is working to establish long term relationships with lessors that will provide ready solutions where aircraft registration support is required with emphasis beyond the registration process.
The CAACI is currently focused on offering a Transition Register which is supported by highly experienced employees and full-time personnel of the authority. Our team have extensive regulatory backgrounds in several regulatory jurisdictions; this along with our regulatory Code (Overseas Territories Aviation Requirements [OTARs]) enables our ability to place aircraft in multiple jurisdictions in an expeditious manner following our normal attention to stringent safety protocols.
A new objective of the CAACI, within the Transition Register offering, is to delegate responsibilities to qualified Continuing Airworthiness Management Organisations (CAMO) under the Air Navigation (Overseas Territories)