Aircraft Registration in Malta
Over recent years, the Maltese aviation industry has witnessed a remarkable growth due to the breath of life it was given back in 2010 due to a revamp of certain rules and regulations.
Malta's excellent location in the heart of the Mediterranean aids to maintain a successful aviation industry since flight times to North Africa and the rest of Europe is between 1-3 hours.
The main purpose of the Aircraft Registration Act, 2010 is the consolidation of existing laws relating to aircraft registration. It is also aimed at encouraging further growth in the local aviation sector.
Main legislative provisions
The key features of the legislation are as follows:
- The merging of laws relating to the registration of aircraft and mortgages into one single Act
- The establishment of a new regulatory body (the Authority for Transport in Malta) in accordance with the Authority for Transport in Malta Act, 2009. This body currently performs functions which were previously exercised by various independent authorities
- The implementation of both the Cape Town Convention on International Interests in Mobile Equipment and the Aircraft Protocol. These ancillary rules seek to safeguard creditors’ interests by allowing them a set of readily enforceable rights, which in turn should enable them to lower any interest rates charged to customers
- The widening of the eligibility rules for aircraft registration, making it possible for aircrafts under construction and aircrafts under lease to be registered as such (among others)
- The creation of a more comprehensive national aircraft register
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