This consultation ran from 16 June 2014 12:00am to
11 August 2014 11:45pm
We’re asking for views on how the UK should implement the 'Convention on International Interests in Mobile Equipment' and aircraft protocol.
We want to know stakeholders views on how the UK should implement the ‘Convention on International Interests in Mobile Equipment’, and the ‘Protocol on Matters Specific to Aircraft Equipment’ to achieve the greatest economic benefit for the UK.
The ‘Cape Town Convention on International Interests in Mobile Equipment’, or ‘Cape Town Treaty’ is an international treaty that aims to help asset-based aircraft finance transactions by creating an international harmonised system to administer the registration of international interests (like mortgages and leases) in helicopters, aircraft frames and aircraft engines over a certain size. It also provides a process for how disputes under the treaty are managed.
This consultation is relevant to:
- helicopter, airframe and aircraft engine manufacturers
- banks and financiers involved in aircraft finance
- aircraft leasing companies
- insolvency practitioners
- legal firms involved in aircraft finance transactions