Tax-News.Com Archive

Sponsored by: PEARSE TRUST
Independent advice on corporate and trust structures

ARCHIVE ROOT | TODAY'S NEWS | LOWTAX

Hong Kong And Singapore Sign Aircraft Services Deal
by Mary Swire, Tax-News.com, Hong Kong

01 September 2008

The Hong Kong Civil Aviation Department has signed a memorandum of understanding with its Singapore counterpart to expand mutual aircraft, engine and component maintenance.

Speaking in Singapore on the occasion of the signing on August 29, Director-General of Civil Aviation Norman Lo said mutual recognition reduces duplication of approvals and auditing activities, maximising the resource utilisation of both regulators and industry partners.

Mr Lo said the use of common airworthiness standards improves aircraft maintenance quality.

The pact allows Hong Kong maintenance organisations to service aircraft registered in Singapore without seeking additional approval from authorities there, while those in the city-state can maintain Hong Kong registered aircraft.

.

 


IMPORTANT NOTICE: THE LOWTAX NETWORK has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments. All materials on this site copyright THE LOWTAX NETWORK 1999 to 2009. Contact us for further information.