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The
AMC Concept
Upon inquiry from
a potential customer, Aero Services (Mauritius) Ltd. will initially provide
the basic information relevant to each particular transaction. The applicant
will thus be able to assess the issues relating to the registration and
operation of an aircraft under the Mauritius Registry.
A Service Agreement
is then discussed and agreed with the customer. This generally includes
a complete package of services designed to take care of ALL necessary
procedures and documentation in order to register and maintain an aircraft
in the Registry (One Stop Shop principle). The customer has thus no requirement
to deal directly with any Mauritius based entity other than Aero Services
(Mauritius) Ltd.
As such, Aero Services
(Mauritius) Ltd. acts as an Aircraft Management Company (AMC). The AMC
thereafter presents the salient features of the transaction to MOBAA,
following which a formal application is made to the DCA. The aircraft
is placed in the registry after satisfactory completion of all inspections,
documentation and necessary approvals.
The AMC is in fact
an entity providing specialist aviation related services to potentiel
customers.The AMC has a requirement to know its customer and to be particularly
careful in ensuring that the reputation and credibility of the registry
is never impaired.
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The
AMC needs to be the principal entity that does all the work that is necessary
in Mauritius to place the aircraft in the register. In addition, the AMC
has a post registration follow up responsibility to ensure that the operator
is fully briefed on the continued requirements of the DCA, including but
not limiting to aircraft reporting issues.
Another important
feature of the AMC is to provide the operator with an effective representational
presence during the stay of the aircraft in this jurisdiction. This is
not only necessary for DCA liaison purposes but also to provide substance
for the Mauritius SPV and avoid any connotations of “brass plate” companies
in the context of tax related transactions.
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