20 Years Of Cape Town Convention - Indian Perspective On Aviation's Lynchpin Framework

A. Introduction

The Convention on International Interests in Mobile Equipment and the Protocol on Matters specific to Aircraft Equipment (the 'Protocol') (together the 'CTC'/ 'Convention') came into effect on November 16, 2001 at a Diplomatic Conference in Cape Town, South Africa. Initially adopted by about 20 states the number has since grown to 83 and includes both developing and developed economies¹. The Convention primarily aims at making available competitive credit facility by providing readily enforceable rights, in mobile equipment such as the aircraft object, in the hands of the creditors. CTC has consistently been able to strengthen creditor confidence in providing secure and competitive financing and has also been successful in –