San Marino Aircraft Registry ratifies Cape Town Convention
San Marino Aircraft Registry has ratified the Cape Town Convention.
David Colindres, president of the San Marino Aircraft Registry, says: “This ratification is very important as it gives value added and confidence to banks and leasing companies.”
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“The Registration of interest in an asset such as an aircraft is considered to be best practice for owners, creditors, debtors, lessors, lessees, agents and others in protecting their financial interest in such an asset,” adds Colindres.
The convention was introduced in 2006 to standardise transactions involving movable property, including business aircraft and engines.