Aircraft owners endorse local content law

The Aircraft Owners’ Association of Guyana (AOAG) has given its full public support to the Local Content Act.

In a statement on Friday, the Association said it recognizes that this legislation provides the opportunity for Guyanese companies and, indeed, the Guyanese people, to “realize and develop their capacity to take full advantage and become the primary beneficiaries of the development of our oil and gas resources”.

The AOAG said it fully endorses the fact that the government, as is universally practiced by countries committed to the development of their oil and gas resources around the world and within our hemisphere, including Trinidad & Tobago, Suriname, Brazil and Canada, has dedicated legislation enabling the local private sector to compete on a global scale in the oil and gas industry.

“Our Association, representing as it does, the majority of Guyana’s domestic aviation services, is particularly pleased that this legislation affords our industry an environment for equitable participation and capacity building in the servicing of the oil and gas industry, in particular, and Guyana’s development in general locally and internationally”, the statement added.