When the registry was launched in 2015, it was hoped it would generate thousands and encourage wealthy aircraft owners to do business and spend money in Jersey.
However, last year it emerged that despite costing more than £800,000 to set up there were only two aircraft on the register.
There is currently just one aircraft – a privately owned Cessna – on the list.
This week, during questions without notice in the States, Senator Lyndon Farnham said: ‘I am pleased to say that in actual fact today there is a meeting being conducted by my department with Ports of Jersey and I believe we are close to announcing a solution which will enable the registry to further grow and develop in the years ahead.’
Deputy Simon Brée asked the minister whether he believed the registry was a ‘wise, prudent use of taxpayers’ money’.
‘Well, as I have explained to the Deputy before on more than one occasion, it is a significant amount of taxpayers’ money that is being invested into the Aircraft Registry.
‘But this is not, and never was it expected to be, an overnight, quick return on our money,’ Senator Farnham
He added: ‘Whether we like it or not this money has been invested in the Aircraft Registry and my department is determined to ensure that there is a long-term future for the Aircraft Registry, and that is what we are aiming