Two successful events for the team at Equiom Malta
Wednesday 04 April 2018
Experts from Equiom’s yachting and aviation team recently attended the Opportunities in Superyachts and Opportunities in Business Jets events in Malta, hosted by Quaynote Communications.
Chris Cini, Legal Director, and Mark Young, Senior Manager of Yachting & Aviation at Equiom Malta and Ayuk Ntuiabane, VAT Director at Equiom Solutions were all in attendance to hear discussions and presentations on topics such as business jet finance, end-of-life options for aircraft, the Paradise Papers and its effect on business jet ownership, new guidelines for the registration of superyachts and what will happen to the superyacht industry post-Brexit.
Ayuk, who participated in the panel discussion on
‘The impact of Brexit on the superyacht industry’, commented: ‘Both events provided an excellent opportunity to meet with operators and suppliers and discuss current issues affecting the sectors. The superyacht event was most stimulating and the high attendance of more than 150 delegates was indicative of the importance of this sector in Malta. It was interesting to hear the views of other EU based panellists regarding Brexit’s impact on the sector. While some regulatory aspects will not be affected, such as the coding compliance of chartered yachts which are governed by international conventions, the ability to provide port to port services within individual EU Member States, or cabotage, may be at risk. For this reason, we can expect an increase in the number of yachts registered in Malta by non-EU companies who want to retain access to the EU post-Brexit.’
Equiom has had a dedicated yachting and aviation department for over 10 years, which has grown to a 30-strong team worldwide.