ARTICLE · 22 JUNE 2015

Aircraft Mortgage vs Aircraft Pledge In Mexico

Abogados Sierra y Vazquez

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In the last COELUM edition we showed the viability of an Aircraft Mortgage in Mexico, arguing that there is no article prohibiting this special kind of Mortgage.

MexicoTransport

Gerardo Reyes

II. – Which is better in Mexico? : The "Aircraft Mortgage" or the "Aircraft Pledge".

Second Chapter

In the last COELUM edition we showed the viability of an Aircraft Mortgage in Mexico, arguing that there is no article prohibiting this special kind of Mortgage. Also on the first chapter we recognized some examples of Mortgages on Real Property.

The special Aircraft Mortgage was established for the first time in international law in 1948, during the "Convention on the International Recognition of Rights in Aircraft" in Geneva in which they decided to add in its first article¹, Aircraft Mortgage, a legal figure that today is not fully understood, due to its complexity.

"... Article 1°. - The Contracting States undertake to recognize:

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