You could pay a lot less tax... lots of business jets
3.3.4 - It may be noted that, at the date of this General Information Brief, there is no requirement when registering an aircraft in Bermuda to obtain a Bermuda importation licence. There are no Bermuda income or profits taxes, withholding tax, capital gains tax, capital transfer tax, estate duty or inheritance tax payable by a Bermuda company or its shareholders, other than those shareholders ordinarily resident in Bermuda. Details of the fees, charges and stamp duties relating to a Bermuda Exempted Company should be obtained from a Bermuda law firm.
And there are other reasons for airliners to be registered there (e.g.,presumably, Aeroflot's or Siberian's Boeings and Airbuses)
5.2.3 - Aircraft may be registered in Bermuda, under a suitable agreement, and may be commercially operated by an airline in another State. This is particularly attractive to aircraft owners and leasing companies that have found customers in countries where they are reluctant to register their asset because of legal or financial uncertainty or political unrest.
Oly720man From United Kingdom, joined May 2004, 6517 posts, RR: 11 Reply 16, posted (5 years 10 months 1 week 1 day 18 hours ago) and read 2485 times:
Quoting FoxBravo (Reply 15): Is it just me, or does that flight path look like Nellis was not their originally intended destination? It looks like they were headed for California, but diverted over northern Nevada. Weird.