Volare bags Channel Island’s inaugural AOC
June 18, 2016
On 8th June 2016, Guernsey’s Volare Aviation bagged its first Channel Island AOC approval. This is all according to a news story published at the Business Air News website. Volare reportedly earned the Guernsey government-issued certification through an intermediary, the 2-REG. Under which the small airline operator has registered its Challenger fleet.
Big Benefits for Volare
Volare is expected to enjoy greater market visibility, because of this momentous occasion. A real bonus for an aviation company that has been in existence for not even six months. The top management of the airline believes that the news of the AOC award will trigger excitement among operators within the regional airline industry. Subsequently, this could spark greater interest among operators. Particularly those that might seek to acquire the AOC through 2-REG affiliation. The small airline operator sees the awarding of the AOC, along with its affiliation to 2-REG, as an opportunity to expand its fleet of three Challenger 601 aircraft. Hopefully, with an additional business jet or two.
Profits into Investment
The airline’s management is hinting at plans to direct the financial leverage and value proposition afforded to it by the 2-REG affiliation towards the importation of additional aircraft. Ideally, from tax-friendly European markets. While expressing this desire, Volare’s Chief Pilot, Paul Wood, is quoted by the Business Air News as observing that:
“You have got the likes of Bermuda, Cayman, Isle of Man, Malta, but none of these are able to do what REG can as a registry, existing outside of Europe but in the European Commission. It is outside for the tax benefits but inside for the movement, plus it is the same time zone as the UK.”
Volare is already reaping the fruits of the AOC recognition by making trips to worldwide destinations. Business Air News quotes Wood revealing that: “We have had trips to Japan, LA and anywhere in between; we also have one coming up to Australia. Realistically we can do 3,000 nm on the Challengers, for seven hours with an hour of
“We have had trips to Japan, LA and anywhere in between; we also have one coming up to Australia. Realistically we can do 3,000 nm on the Challengers, for seven hours with an hour of reserve.”