Financial interest in aircraft must be recorded in the international registry, which is defined in the convention.\u00a0 The time of entry permits the priority of financial interest in order of registration.<\/p>\n
The international registry is computerized and operates at all times.\u00a0 Possible to search the database and discover if there are loans registered against a particular aircraft.\u00a0 The international registry is self-financing.\u00a0 It is regulated by the International Civil Aviation Organization.<\/p>\n
The international registry is distinct from the Irish aviation authority’s role in recording aircraft on the register under the Cargo Convention for the purpose of safety in that it is concerned only with interest in aircraft and does not deal with safety.<\/p>\n
The ICAO elected the company to operate the registry based on competition.\u00a0 An Irish company jointly owned by SITA and the Department of Transport operates the international registry and is based in Ireland<\/p>\n\n
\n <\/div>\n\n","protected":false},"excerpt":{"rendered":"
Overview There was no single comprehensive international system of registration of property rights and other interests, including security interests in aircraft and aircraft parts. Aircraft are expensive capital goods and require considerable investment. The rules by which both states limit interest in airlines to the nationals in broad terms are not applicable to the financing […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[233],"tags":[],"_links":{"self":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts\/19503"}],"collection":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/comments?post=19503"}],"version-history":[{"count":5,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts\/19503\/revisions"}],"predecessor-version":[{"id":31245,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts\/19503\/revisions\/31245"}],"wp:attachment":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/media?parent=19503"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/categories?post=19503"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/tags?post=19503"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}