San Marino Aircraft Registry Ratifies Cape Town Treaty

The San Marino Aircraft Registry ratified the Cape Town Convention this week, joining the more than 50 countries that have already ratified the treaty. Cape Town facilitates the acquisition and financing of aircraft, provides an international registry accessible online, gives creditors a range of remedies for enforcing their rights and provides creditors with greater confidence when granting credit to the aviation industry. “This ratification is important as it gives value added and confidence to banks and leasing companies," said David Colindres, president of the San Marino Aircraft Registry. “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."