The Protection of Interests in Aircraft Objects Act, 2025
Central · 2025
The scanned source for this Act is imperfect — headings or section boundaries may be off. Verify against the official source.
Chapter THE FIRST SCHEDULE
Chapter THE FIRST SCHEDULE
Chapter THE FIRST SCHEDULE
Chapter THE FIRST SCHEDULE
Chapter THE FIRST SCHEDULE
Chapter THE FIRST SCHEDULE
Chapter THE FIRST SCHEDULE
Chapter THE FIRST SCHEDULE
Chapter THE FIRST SCHEDULE
Chapter THE FIRST SCHEDULE
Chapter THE FIRST SCHEDULE
Chapter THE FIRST SCHEDULE
- 12-FIRST-SCHEDULESection allows additional remedies under applicable law, including those agreed by parties, if not conflicting with mandatory provisions.
- S. 13Section 13 allows creditors to obtain interim relief to preserve or control aircraft objects pending final claim determination.
- S. 14Section 14 outlines procedural requirements for remedies under the Act, conforming to local laws.
- S. 15Section 15 allows parties to mutually agree in writing to deviate from certain provisions in the chapter.
- S. 16Section establishes an International Registry for registering various international interests, assignments, acquisitions, and notices related to aircraft objects.
- S. 17Section 17 establishes a supervisory authority to manage the international registry, appoint the Registrar, and oversee registry operations.
- S. 18Section 18 outlines registration requirements for aircraft objects, including consent protocols, search certificates, and confidentiality of registry information.
- S. 19Section 19 outlines the conditions and timing for the validity and searchability of aircraft object registrations in the International Registry database.
- S. 20Section 20 allows registration and amendments of international interests with consent from the involved parties.
- S. 21Section 21 specifies that international interest registration in aircraft objects remains valid until discharged or until the specified period ends.
- S. 22Section 22 allows searches of the International Registry and issuance of search certificates detailing registered interests or lack thereof.
- S. 23Section 23 mandates the Registrar to maintain and publicly provide a searchable list of non-consensual rights or interests declared by Contracting States.
- S. 24Section 24 establishes that certificates from the International Registry are prima facie evidence of their issuance and the facts stated.
- S. 25Section 25 mandates the discharge of aircraft object registrations when related obligations or conditions are fulfilled or found incorrect.
- S. 26Section 26 ensures access to international aircraft registration and search facilities unless procedures are not followed.
- S. 27Section grants the Supervisory Authority international legal personality, immunity, tax exemptions, and inviolability of its assets.
- S. 28Section 28 outlines the Registrar's liability for damages due to its errors, except for certain unavoidable malfunctions, and requires it to secure insurance or guarantees.
- S. 29Section 29 establishes priority rules for registered interests in aircraft objects, favoring first registration and protecting buyers from unregistered interests.
- S. 30Section 30 ensures international interests in aircraft are valid in insolvency proceedings if registered under the Act.
- S. 31Section 31 outlines the transfer of associated rights and international interests upon assignment, including reversion of rights upon debt discharge.
- S. 32Section 32 outlines formal requirements for valid assignments of associated rights in aircraft objects, including written documentation and identification of related rights.
- S. 33Section 33 mandates debtor's duty to assignee upon written notice of assignment and identification of associated rights.
- S. 34Section 34 outlines default remedies for assignor in security assignment of aircraft interests, applying specified articles.
- S. 35Section 35 prioritizes registered competing assignments of associated rights in aircraft objects over unregistered ones.
- S. 36Section 36 establishes priority for assignees of associated rights related to aircraft objects based on contractual and transactional specifics.
- S. 37Section 37 applies Article 30's provisions to assignor's insolvency proceedings, treating the assignor as the debtor.
- S. 38Section 38 allows subrogation to acquire rights under applicable law, but priority can be agreed upon in writing, except for subordinated interests.
- S. 39Section 39 allows Contracting States to declare non-consensual rights or interests that take priority over registered international interests in aircraft objects.
- S. 40Section 40 allows Contracting States to list non-consensual rights or interests for registration under the Convention.
- S. 41Section 41 applies the Convention to sales and prospective sales of aircraft objects as per the protocol.
- S. 42Section 42 allows parties to select a court's jurisdiction for claims under the Act, with exclusive jurisdiction unless otherwise agreed in writing.
- S. 43Section 43 outlines jurisdiction for courts to grant relief under Article 13 for aircraft objects.
- S. 44Section 44 grants exclusive jurisdiction to courts in the Registrar's administrative location to make orders or award damages against the Registrar.
- S. 45Section exempts insolvency proceedings from the provisions of this chapter in the Protection of Interests in Aircraft Objects Act, 2025.
- S. 45bisSection prioritizes the Protection of Interests in Aircraft Objects Act over the UN Convention on receivables in international trade for related aircraft interests.
- S. 46Section 46 outlines how the Act relates to the UNIDROIT Convention on International Financial Leasing.
- S. 47Section outlines the process for signing, ratifying, accepting, approving, or acceding to the Convention.
- S. 48Section 48 allows Regional Economic Integration Organisations to sign the Convention, with rights and obligations based on their competence.
- S. 49Section 49 specifies the entry into force conditions for the Protection of Interests in Aircraft Objects Act, 2025.
- S. 50Section 50 allows a Contracting State to exclude certain internal transactions from the Convention's application, except for specific provisions.
- S. 51Section 51 allows the Depositary to form groups to explore extending the Convention to high-value mobile equipment and associated rights.
- S. 52Section 52 allows Contracting States to specify which territorial units this Convention applies to, if different legal systems exist within the State.
- S. 53Section 53 allows a Contracting State to specify which courts will handle aircraft-related disputes under the Convention.
- S. 54Section 54 allows states to declare restrictions on leasing aircraft objects within their territory and remedies for creditors.
- S. 55Section 55 allows a Contracting State to declare partial or no application of certain provisions for interim relief pending final determination.
- S. 56Section 56 allows specific declarations but not reservations under the Protection of Interests in Aircraft Objects Act, 2025.
- S. 57Section allows a State Party to make a subsequent declaration to modify its obligations under the Convention after it has taken effect.
- S. 58Section allows a State Party to withdraw declarations under the Convention after six months' notice, but existing rights remain unaffected.
- S. 59Section 59 allows any State Party to denounce the Convention after a 12-month notice period.
- S. 60Section 60 outlines transitional provisions for pre-existing rights under the Convention, preserving their priority unless otherwise declared.
- S. 61Section 61 outlines the process for Review Conferences, amendments, and related matters for the international aircraft objects Convention.
- S. 62Section 62 designates UNIDROIT as the Depositary for the Convention, outlining its duties to inform and provide information to Contracting States.