LONDON – The Bermuda Civil Aviation Authority (BCAA) has today announced it will be revoking 745 aircraft licenses based in Russia.
This is why some airlines in Russia have been changing registrations back to RA from the Bermuda designation.
The BCAA said the following on this decision:
“International sanctions on the aviation sector have had a significant impact on the ability to sustain safety oversight on Russian operated aircraft on the Bermuda Aircraft Registry”.
“The airworthiness system has been restricted to the point that the Bermuda Civil Aviation Authority (BCAA) is unable to confidently approve these aircraft as being airworthy,”
Carriers in Russia and beyond have been using Bermuda-based registrations for lower to no tax on their assets, which are usually aircraft.
This is a developing story.