Consultation outcome

International interests in mobile equipment convention: aircraft

This consultation was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

This consultation has concluded

Download the full outcome

Ratification of the Convention on International Interests in Mobile Equipment and the Protocol thereto on matters specific to Aircraft Equipment: final impact assessment

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Detail of outcome

We’ve published draft regulations and guidance for business, setting out how we’ll implement the Cape Town Treaty.

Our technical consultation runs until 15 March 2015. We want to know your views on the practical effect of the draft regulations, and if they implement the provisions of the treaty. We’d also like to know your views on the content of the draft guidance.

Original consultation

This consultation ran from 16 June 2014 12:00am to
11 August 2014 11:45pm

Summary

We’re asking for views on how the UK should implement the 'Convention on International Interests in Mobile Equipment' and aircraft protocol.

Documents

Ratification of the Convention on International Interests in Mobile Equipment and the Protocol thereto on matters specific to aircraft equipment: impact assessment

This file may not be suitable for users of assistive technology. Request a different format.

If you use assistive technology and need a version of this document in a more accessible format, please email enquiries@bis.gsi.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Consultation description

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:

  • airlines
  • 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