Bermuda as a Refuge for Russian Aircraft
Bermuda has always been known as the best place for insurance, but it has also thrived in other activities that made Bermuda a premier offshore jurisdiction. This is the registration of aircraft.
Bermuda has been registering aircraft since 1931. There are different airplanes registered on Bermuda islands varying significantly in size and ranging from small private helicopters to large commercial or private jets. A large number of Russian aircraft has been registered in Bermuda. It provides benefits to both operators and financial institution that is committed to security over the aircraft.