Still billed as having the world's largest offshore aircraft registry, Bermuda continues to rebuild a registry decimated since the Russian Government waged war on Ukraine.

Bermuda Civil Aviation Authority executives continue to attend global conferences where aircraft owners and industry meet, including the Corporate Jet Investor Asia 2023 conference in Singapore this month.

The BCAA is already reaching out to delegates to the event for opportunities to network and engage.

Three senior officials will attend for an agenda of keynote presentations and panel discussions as those attending reflect on regional and global developments affecting the market.

Tariq Lynch-Wade, Jason Zhang and Kyle James will be the BCAA’s representatives at the conference on September 19 and 20.

Mr Zhang is a designated airworthiness inspector and the authority’s Asia representative, based in Shanghai.

Kyle James, the Bermuda Aircraft Registry business development manager, will participate in an afternoon panel discussion aimed at aircraft owners and operators entitled “Finding the right home for your aircraft”.

The discussion will focus on whether traditional registries remain equally interested in business jets and what qualities owners should look for in deciding which registry is right for them.

Bermuda’s aircraft registry has lost a substantial portion of its revenue since the war began in February 2022, when there were 900 aircraft registered in Bermuda.

A year later, there were just 644, including the remaining approximately 480 which were in Russia.

As a result, since the start of the war, the BCAA’s revenue has dropped by approximately 85 per cent.

David Burt, the Premier and Minister of Finance, said this summer that aircraft registry revenue would be down by an estimated $18 million this fiscal year.

Despite this significant loss, the BCAA said it remains committed to growth and diversification, and is undertaking a number of initiatives to achieve those goals.

The organisation’s business development unit aims to diversify the Bermuda registry and to engage more deeply with existing clients. It has done substantial research and analysis to determine the most appropriate strategic direction.

Mr James, the business development manager, stated earlier in the year: “The registry will never be static and will undoubtedly go through many phases.

“The current state is just another phase. We will remain competitive for business, but need to have visibility in the market and to develop in new regions.

“We also intend to develop partnerships with other stakeholders who are connected in the geographic areas that we are in, and those we are looking to enter.”