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Local law company calls for Bahamas Aircraft Registry

Callenders & Co suggests that a registry for private craft would serve the needs of high-net-worth individuals and boost related service industries. 

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TheBahamasInvestor.com
Thursday, February 16, 2012
Thursday, February 16, 2012

tbi stock previously publishedTwo senior lawyers have called for the creation of a Bahamas Aircraft Registry, saying it could foster a host of related business and industries, creating jobs and spurring economic diversity.

“Discussions of a Bahamas Aircraft Registry have been going on and off for years,” says Callenders & Co senior partner Colin Callender.

“The establishment of a registry always seemed to be desirable, but distant. Today, there is a heightened sense of readiness and urgency. Thus, we at Callenders & Co are willing to take the lead in driving the process for the creation of a Bahamas Aircraft Registry without which we will continue to lose market share to other jurisdictions such as the Cayman Islands and Aruba, which are equipped to be one-stop shops for high-net-worth individuals (HNWIs) and with which we can diversity the economy, create jobs and potentially create an entirely new industry.”


Callenders has stepped to the forefront in the effort to urge establishment of a registry in part because one of its senior associates, Llewellyn Boyer-Cartwright, a 29-year veteran commercial pilot and flight instructor, has just become the first Bahamian to be admitted to the Lawyer Pilots Bar Association.

According to the pilot-turned-lawyer, The Bahamas is “perfectly situated” to create a registry.

“The person who owns a mega-yacht he can now register in The Bahamas is likely to have a private aircraft, most likely a jet, that he’d like to register here as well and he may even own a second or third home,” says Boyer-Cartwright, who joined Bahamasair at 19 and flew for major international carriers before turning his attention to law.

“He wants to do all of his business with one firm and within one jurisdiction whose politics and policies, language and culture he understands.”

“However, if we are unable to meet those needs, we are in effect driving business to competing jurisdictions where they can be accommodated and by doing that we are potentially losing out on real estate transactions, vacation spend, indirect revenue and other investment opportunities. The time has come to stop talking and start doing.”

Sports tourism was the focus of a recent forum organized by the Tourism and Aviation, and the Youth, Sports and Culture Ministries. Only in its second year, the annual gathering looks at ways that local sports and athletic groups can work with the tourist industry to promote The Bahamas as a sports destination. Watch a video of the event here.

Fifth Routes Americas, one of the largest events on the region's airline industry's calendar, will take place on Nassau and Paradise Island next week. Around 60 airlines have registered for the event including US airlines, American Airlines, US Airways, and United Airlines, and British Airways.

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