DUBAI, UAE: The northwestern Caribbean territory of the Cayman Islands is eyeing the Middle East for potential new aircraft registry business.

The country’s Civil Aviation Authority (CAACI) is to make its regional exhibition debut at next year’s Dubai 2007 – the tenth international aerospace exhibition – prompted by increasing aircraft registry interest emanating out of the Arabian Gulf.

Richard Smith, CAACI Director-General

“We have several clients in the Middle East already and realize the potential of the region for Cayman Islands aircraft registry,” explained Richard Smith, the CAACI’s Director-General. “We are excited at the opportunity to be able to increase awareness in the region.

“We have already had some interest from the Middle East, in particular from Dubai, Saudi Arabia and Bahrain.”

The CAACI is hoping to win over new regional customers through its sheer global reputation for quality.

“Our stringent standards and quality requirements are sought after by aircraft owners, management companies, and decision makers with regards to asset management,” explained Smith. “Also, the Cayman Islands as a jurisdiction overall can accommodate aircraft financing issues.”

The CAACI is among a number of new-to-market exhibitors lining up for Dubai 2007, which is organized by Fairs & Exhibitions, in conjunction with the Department of Civil Aviation, Government of Dubai and in collaboration with the UAE Armed Forces.