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AIRCRAFT REGISTRY OVERVIEW<br />
with 20 aircraft designated M-, equal to 39% of all registrations<br />
in the Israeli fleet and surpassing its own domestic registration<br />
(12). The registry combines the best of both worlds, as it is<br />
subject to British Dependent jurisdiction for tax benefits and<br />
European Union regulations for operational and importation<br />
into Europe. This makes the Isle of Man designation a suitable<br />
offshore registration for business jets that frequently operate<br />
from the <strong>MENA</strong> region into Europe while benefiting from tax<br />
exemptions and EASA compliant operations.<br />
Among offshore registrations in the <strong>MENA</strong> region, both Aruba<br />
and Bermuda registrations saw no growth. Each registration<br />
accounted for seven aircraft.<br />
Overall, offshore registries have steadily grown among the<br />
business jet fleet, from 113 in 2020 to 139 in <strong>2022</strong>. As the<br />
primary benefits of offshore registrations tend to complement<br />
operating routes flying across a wide range of foreign<br />
jurisdictions, these registries are commonly designated for<br />
Large, Long Range, and Corporate Airliner type aircraft. These<br />
three categories contributed 87% of all offshore registrations<br />
in the <strong>MENA</strong> region, while Long Range type aircraft had the<br />
greatest category share at 39%, having added a record 11 new<br />
registrations in <strong>2022</strong>.<br />
OFFSHORE REGISTRY NET FLEET GROWTH<br />
By Country/Region<br />
By Size Category<br />
113<br />
117<br />
139<br />
2020 1<br />
2021 1<br />
<strong>2022</strong><br />
0+0+47 0+39+0 34+0+00+0+33 0+31+0 34+0+00+0+32 0+29+0 28+0+00+0+13 0+4+0 1+0+00+0+7 0+7+0 10+0+00+0+7<br />
0+7+0 6+0+0<br />
34 39 47 40 43 54 39 37 41<br />
34 31 33 28 29 32<br />
1 4 13 10 7 7 6 7 7<br />
LONG RANGE =<br />
39% OF TOTAL OFF-<br />
SHORE REGISTERED<br />
AIRCRAFT<br />
Isle of Man<br />
M-<br />
Cayman Islands<br />
VP-C<br />
Bermuda<br />
VP-B/VQ-B<br />
San Marino<br />
T7-<br />
Malta<br />
9H-<br />
Aruba<br />
P4-<br />
40+0+0 0+43+0 0+0+54 39+0+0 0+37+0 0+0+41 22+0+0 0+22+0 0+0+278+0+0 0+11+0 0+0+132+0+0 0+3+0 0+0+32+0+0<br />
0+1+0 0+0+1<br />
22 22 27 8 11 13<br />
2 3 3 2 1 1<br />
Long Range<br />
Large<br />
Corp. Airliner<br />
Medium<br />
Very Light<br />
Light<br />
NOTE:<br />
1. 2020 and 2021 data is based on JETNET LLC.<br />
<strong>YE</strong> <strong>2022</strong> <strong>MENA</strong> BUSINESS JET FLEET REPORT | 25
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