Archive for March, 2014

BVI-based airline closes sale agreement with NY-based bank, and gets new CEO

Thursday, March 20th, 2014

Last week, BVI Airways closed the sale of the airline to a NY-based merchant bank, under the terms which have not been made public. The identity of the new ownership group also stays undisclosed.

With this sale, Jerry Willoughby, longtime aviation industry executive, joined the co-founder and chief operating officer of the BVI-based airline Luke Smith, in the role of company president and CEO. Having started his career in the US Air Force, Willoughby has more than 35 years of experience in both military and civil aviation, with extensive expertise in passenger and cargo operations. He was working with Delta Air Lines, where he spent more than 17,500 hours as an international check captain, operating the L1011, B757, B767 and MD80 aircraft. Over the past years, Willoughby has worked as an aviation consultant with an emphasis on management, auditing, regulatory compliance and start-up airline certification.

In the next weeks, BVI Airways will add new aircraft to its fleet; by words of the new CEO, this will also mean new destinations, and the airline has plans to better connect the Eastern Caribbean.

Walkers became leading offshore legal services provider in Asian region

Monday, March 10th, 2014

Offshore law firm Walkers, having its offices in many jurisdictions including the British Virgin Islands, Cayman Islands, Dubai, Ireland, Hong Kong, Jersey, London and Singapore, was confirmed in its position of the leading pan-Asian provider of offshore legal services.

In the latest ranking published by premier legal directory Chambers and Partners in its 2014 Asia-Pacific Guide, Walkers is mentioned as a “Band 1” offshore law firm in Asia-Pacific region. Previously, there were similar rankings from IFLR 1000 and The Legal 500 “Asia Pacific 2013” directory, which named Walkers in Hong Kong as a ‘Tier One’ firm in the offshore category.

Company’s office in Hong Kong is one of the largest of the offshore law firms in the region, providing full services offering of real-time British Virgin Islands and Cayman Islands legal advice during Asian office hours. The Singapore office provides BVI and Cayman Islands offshore legal services to clients and financial institutions in South East Asia and India. The firm also provides Irish and Jersey legal services.