------Upcoming events------
Aircraft Acquisition and Financing (IATA training courses)
1-4 November 2010, Delhi, India
3rd Copenhagen Aircraft Finance Legal Seminar
24th September 2010, Copenhagen, Denmark
A pre-seminar update on the Cape Town Convention will take place on the Thursday afternoon before the seminar
22nd Annual EALA Conference
5th November 2010, Vienna, Austria
------Organisations------
UNIDROIT
The International Institute for the Unification of Private Law (UNIDROIT) is an independent intergovernmental Organisation based in Rome, Italy.
Its purpose is to study needs and methods for modernising, harmonising and co-ordinating private and in particular commercial law as between States and groups of States.
UNIDROIT developed the "Convention on International Interests in Mobile Equipment (Cape Town, 2001)", commonly referred to as the Cape Town Convention,
in order to facilitate asset-based financing and leasing of aviation equipment. The Cape Town Convention and the "Protocol to
the Convention on International Interests in Mobile Equipment on Matters specific to Aircraft Equipment" are collectively referred to as the Cape Town Treaty.
Visit UNIDROIT's website...
Aviation Working Group (AWG)
Aviation Working Group began work in 1994, at the request of UNIDROIT, as an ad hoc industry group to contribute to the development of the Cape Town Convention. Since that time,
its scope of activity has significantly expanded and now addresses a wide range of topics affecting international aviation financing. In 2002, it formalised itself as a
not-for-profit legal entity.
Aviation Working Group was a central participant in the development of the Cape Town Convention, which is in effect in the countries that have ratified or acceded to it. AWG is
committed to the prompt and widespread implementation of the Cape Town Convention. It consults with governments around the world on ratification of the treaty, including on the
declarations to be made. AWG also chairs the Advisory Board to the IRMA (International Registry of Mobile Assets) established under the Cape Town Convention.
Visit AWG's website...
International Registry of Mobile Assets (IRMA)
The International Registry of Mobile Assets defines the priority of interests on airframes, aircraft engines and helicopters. The IRMA permits individuals and
organisations to register financial interest in assets using the MSN (Manufacturer Serial Number). Its role is to electronically record international interests in aircraft
objects, thereby establishing priority of interests.
Visit IRMA's website...
Aviareto
Aviareto, a joint venture between SITA SC and the Irish Government, has a contract with the International Civil Aviation Authority (ICAO) to establish and operate the
IRMA as required by the Cape Town Treaty. As part of the implementation process for the Cape Town Treaty, the Secretary General of ICAO issued a global tender in January 2004 for an
organisation to establish, and act as Registrar for, the IRMA. Aviareto, based in Dublin, was selected for the undertaking. Aviareto is performing these functions on a not for profit,
cost recovery basis, as required by the Cape Town Convention.
Visit Aviareto's website...
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