Director of civil aviation Gus Paterson, who is the registrar, said there was an agreed formula agreed for a dividend to be paid to the States by SGI Aviation, which runs the registry on its behalf, but this would start to be paid only when it had recovered its initial capital investment to start up the registry.
This will see the States start to receive tens of thousands of pounds annually from potentially as early as 2017.
Mr Paterson said due to commercial confidentially he could not provide the exact revenue figures for SGI, in what was a 'very competitive market with lots of established players'.
