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The Convention on International Mobile Equipment Guarantees, also known as the Cape Town Convention (the “Agreement“) which is currently ratified by 83 Contracting States and entered into force in 2001, constitutes one of the pillars par excellence in the ever-growing field of aviation. At its core, the main objective of the Convention is to protect the interests of sellers, buyers and creditors through the creation of an international registry as well as the resolution of issues related to aeronautical assets and high value mobile equipment.
Considered by many to be one of the leading countries in the maritime sector, Malta is also booming when it comes to the aviation sector, where it is seen as a booming business area. In May 2022, achieving a near-perfect score of 95, Malta once again cemented its reputation and influence in the aviation sector by ranking first in Cape Town Compliance. This recent success can be contributed to Malta’s robust and overall sound legislative framework regarding the registration of aircraft under the Maltese flag.
This news was announced at the European Business Aviation Convention (EBACE) in Geneva, an international convention where aviation leaders from around the world meet and discuss innovative topics that seek to advance the sector again with key topics such as , flight sustainability. Malta is currently looking to modernize and strengthen the overall presence and strength of the aviation sector on the island. Recent news has revealed that Malta has registered nearly 700 aircraft; all flying the 9H flag. In addition to these registered aircraft, it was also announced that the company Wizz Air would establish an airline in Malta, which would further demonstrate the strong image that Malta has forged as a jurisdiction of choice in the aviation sector, both in Europe and globally.
If you want to find out about the Convention on international warranties in mobile equipmentClick here.
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