Convention on the International Recognition of Rights in Aircraft

General Detail

General Information

  1. Type: Convention
  2. Date of signature:
  3. Place of signature: Geneva, Switzerland
  4. Depositary:
  5. Date of entry into force: 17/09/1953

Category

Transport and telecommunications

Sub category

Aircrafts and civil aviation

Groups

ICAOOPENESS TO MTRS

What is it about?

This instrument recognizes the following rights related to aircraft: - rights of property in aircraft, - rights to acquire aircraft by purchase coupled with possession of the aircraft, - rights of possession of aircraft under leases of six months or more, and - mortgages, hypotheques and similar rights in aircraft which are contractually created as security for payment of an indebtedness.

Why is it relevant?

It fosters the harmonization of an international legal system related to the rights in aircraft, in the sense that Contracting States shall not admit or recognise any right as taking priority over the abovementioned rights.

Additional Information

N/A.

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