The International Registry

The Cape Town Convention created the International Registry for International Interests in Mobile Assets (Aircraft Equipment) (the “IR”).  The IR was activated on March 1, 2006.  It is located in Dublin, Ireland; its supervising authority is ICAO (International Civil Aviation Organization) located in Montreal, Canada, and interests registered there in U.S. registered aircraft must first go through the FAA in Oklahoma City.   By U.S. Declaration to the Cape Town Treaty the Oklahoma City FAA is designated as the filing portal to the IR for U.S. registered aircraft.

Aero Records has a comprehensive Cape Town Information Digest which we will furnish with our compliments upon request (either by email or by sending you a paper copy).   For purposes of this website discussion we provide a digest of definitions and outline the Cape Town related services Aero Records provides.

Dealing with the Cape Town Convention and the registration of “international” interests has changed the way we think and has made the aviation sales and finance industries look at transactions in a new way.   The fact that a transaction is wholly domestic does not change the fact that the “international” interests must be registered at Cape Town if the following apply:

(a)  The equipment is defined as an “Aircraft Object”
and
(b)  The aircraft is U.S. Registered or the debtor is situated in a country that has ratified the Convention
and
(c)  The interest is a Registerable interest
Definitions:

“Aircraft Object”

Aircraft type-certificated to carry 8 persons, including crew*; Helicopters type-certificated to carry 5 persons, including crew**;
and Aircraft Engines of 550 rated take-off shaft horsepower or more or Jet engines of 1750 pounds of thrust or more
*or type-certificated to transport goods in excess of  2750 kg (6063 pounds)
**or type-certificated to transport goods in excess of 450  kg  (990  pounds)

“International Interest”

A present or prospective security agreement, a present or prospective conditional sale contract (title retention contract), a present or prospective financing or true lease, or assignment or subrogation of one of the foregoing interests.

The acronyms

TUE – Transacting User Entity (a buyer, seller, lessor, lessee or lender, or a prospective buyer, seller, lessor, lessee, or lender, or assignee or subrogee of any of the foregoing)

PUE -  Professional User Entity (A title company or law firm)

IR –     International Registry of International Interests in  Mobile Assets (Aircraft Equipment)

Cape Town Services provided by Aero Records

» Title reports on “Aircraft Objects”
» Act as Administrator for TUEs
» Registration of International Interests

Visit the International Registry’s website to read the Convention and its Protocol relating to Aircraft Equipment

www.internationalregistry.aero

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