ANy one know why Trump's airplane is....

[Gulfstreamlover]

Any one know why Trump's airplane is....

....registered in some other country? I think the registration is some thing like VH-xxx on his 727. Is it just cheaper to register in what ever country VH is?

 

[Gulfstream 200]

Some choose to register offshore (Bermuda, Bahamas) etc...mostly for tax reasons.

 

[fokkerjet]

VP-BDJ

Not really sure if this is true but..........I believe he took a lot of crap for owning an airplane when he went bankrupt a number of years ago, and found a way to keep it off the books, so to speak, by registering it to an off shore corporation (DJ Aerospace and leasing it to Trump Group).

 

[satpak77]

VP is Cayman Islands prefix I believe

 

[pilotjc]

VP is a bermuda registry.

 

[Valkyrie]

VP-B.. is Bermuda
VP-C.. is Cayman
VH-... is Australia


Others in the US use VP-B.. registered a/c, like Bloomberg Services (a Falcon 900 VP-BLP) or Transworld Oil America (with GV VP-BJD)

 

[G4G5]

It's for tax purposes. When he go the aircraft from the Trump Shuttle he had an N registration. When he had the financial difficulties he changed the registration.

I don't think that he was trying to hide it. Never once did he take the Trump name off the side.

I use to manage a Bermuda registration aircraft. The advantage was they honor ALL types of licenses. It works well for Intl flying. You can get any certified repair station to work on your aircraft and you can get any licensed type rated pilot (JAA, CAA) to fly your aircraft. Minimum effort and the Bermuda folks are easy to work with. Tax is the primary reason.

THe certificates of Flying Machines is a cool license to have.

 

[fokkerjet]

It's for tax purposes. When he go the aircraft from the Trump Shuttle he had an N registration. When he had the financial difficulties he changed the registration.

The airplane never served on the Trump Shuttle.........the only airline service it saw was when it did belong to American from new until 1981, then it was bought and converted to a corporate aircraft for Diamond Shamrock. They flew it until 1988, or so, when Trump purchased it. I remember reading about it in Trump's first book The Art of the Deal, where he talked about what a steal the airplane was from the family that owned it. The airplane was Bermuda registered after creditors started selling off his assets in the early 90's, when his empire started falling apart.

I'm sure now, one of the benifits he enjoys is tax relief, but probably another is that it's also out of the hands of any creditors.

 

[AV8OR]

G4G5

Just curious when you managed that AC. You said any type rated pilot could fly it. I'm guessing you meant "legally", but how about from an insurance standpoint. With all of the "you've got to go to an approved school, not just have a PPE" clauses out there now, just curious if the foreign registry had any affect on that.

Thanks

 

[GVFlyer]

Two Oil

VP-B.. is Bermuda
VP-C.. is Cayman
VH-... is Australia


Others in the US use VP-B.. registered a/c, like Bloomberg Services (a Falcon 900 VP-BLP) or Transworld Oil America (with GV VP-BJD)

Although they have world-wide subsidiaries - TransWorld Oil is registered at:

3 Saint James Court
Flatt's Village
Bermuda

Which is also where VP-BJD (formerly VRBJD) is based.
Everybody who's flown a Gulfstream has worked for those guys at one time or another.
GV