Global Air Title is your one-stop source for your aviation title and escrow needs.
Global Air Title is your one-stop source for your aviation title and escrow needs.
The International Registry is an electronic registry which operates under the legal framework of the Cape Town Convention and Aircraft Protocol adopted on the 16th of November 2001. It provides for the electronic registration and the protection of 'international interests' which are recognized by all ratifying states, with priority being determined on a "first-to-file" basis.
The Cape Town Treaty and International Registry of Mobile Assets (the “Cape Town Treaty”) provides for a priority of interest on a first to file basis. That means that your interests in a mobile asset may not be perfected in the eyes of the the Signatory Parties of the Cape Town Treaty until its registered with the International Registry (“IR”). Global Air Title will act as an administrator on behalf of entities who desire to register their mobile assets with the IR. Whether your aircraft is a domestic or international asset, filing with the IR is generally the right thing to do to protect your interest.
Registration of interest in an aircraft asset serves as a notification and is considered to be best practice for owners, creditors, debtors, lessors, lessees, agents and others in protecting their financial interest in such an asset.
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