Cape Town, Aviareto and You

Post Category: Insurance

The Cape Town Treaty, signed and ratified by the United States and a handful of other countries, was created, essentially, to facilitate the financing and leasing of aircraft in Third World countries by making their repossession easier. A surprisingly broad group of aircraft and powerplants are affected. Companion to the treaty is the creation of an electronic International Registry of aircraft and engine contracts. For buyers and sellers of aircraft, “Cape Town” has become part of the argot of a transaction, and part of the cost.

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