Whether for business or pleasure a discerning traveller values the privacy, convenience, luxury and speed of a private jet. Effective structuring will maximise benefits and moderate liabilities.
With the initial buying price of private jet starting at around $3 million, whilst the operating costs range from $500,000 to $1 million per year, owning such a prestigious asset means that it needs to be managed in a cost-effective manner. Owning and operating a luxury asset such as an aircraft or helicopter is complex, with each structure being unique. Established in 1991, ILS World has worked with specialist advisers to assist with the ownership, registration and management of many different types of aircraft. The team understands the intricacies of owning this type of luxury asset and keep up to date with new industry legislation and regulations to ensure effective management.
Whether the luxury asset is for commercial or personal use, we provide solutions to maximise the benefits and mitigate liabilities. With so many registers available, choosing the most advantageous jurisdiction to register an aircraft needs meticulous investigation. The team is used to working closely with specialist advisers and once decided, ILS World will manage the registration process through to its certification and facilitate the proper importation and exportation into or out of the European Union.
The team provides an on-going service to assist with the renewal of certificates and on-going upkeep. Our adaptable and professional Aviation team has a global network of contacts who will deliver on some of the more technical details of specialist aircraft maintenance programmes as well as managing ongoing expenses including flight crew salaries, hangar rental and insurance.
Why Choose ILS World
Headquartered in the Isle of Man, ILS World operates in a jurisdiction that has nurtured the sector to develop and build its knowledge and expertise. As part of that environment, the Isle of Man Aircraft Registry was awarded Best Global Aircraft Registry 2020 for the third year in a row due to its attention to detail, dedication and excellent customer service.
As a leading provider of independent fiduciary services to professional advisors, corporate groups, private and digital clients, we are here to help achieve your financial goals.
At ILS World, we don’t restrict ourselves, we like to go beyond the borders. That is why we operate globally. You will find our offices in Isle of Man, British Virgin Islands, Hong Kong, and Portugal.