The Private Jet Company plans to offer tax advantages to help win new clients in the highly competitive aircraft management sector. The company, which is building a new business aviation facility at Isle of Man airport (EBAN August) will provide its owners with a corporate trust structure for its aircraft.

Capt Tony Corlett, md, says: "Aircraft owners will be well aware of the effects of the new Value Added Tax provisions from February of next year for aircraft of more than 8,000 kilos.

"VAT at around 20 per cent on a £30 million investment is a considerable sum. The corporate trust structures will specifically address this issue."

The company provides one-stop-shop services ranging across aircraft sourcing and purchasing, importation, registration, management, operations and crewing, hangarage and maintenance.