As a result of the Cape Town Convention on International Interests in Mobile Equipment coming into force in Bermuda, leasing companies, owners, lenders and other parties that deal with Bermudian entities participating in aircraft transactions and/or aircraft registered in Bermuda may opt to take the additional steps necessary to obtain the protections conferred by the convention. This article revisits key points concerning the implementation of the convention and declarations relating thereto.
There are currently almost 300 aircraft registered in Bermuda in both the public and private categories. Aircraft registered in Bermuda may be operated anywhere in the world. Bermuda has recently seen a significant number of registrations on behalf of Russian clients.