Register the financier’s interests in an aircraft and its engines

Key facts

Human involvement
GreenLawyer review
How AI is used
From the security agreement or lease, the aircraft and engine specifications and the parties’ registry details, build the registration schedule: each airframe, engine and helicopter by manufacturer, model and serial number, the PPSR registrations to be made with their collateral class and serial numbers, and the International Registry registrations and consents required from each party, and flag any serial number that differs between documents.
What the lawyer must review
The lawyer confirms which interests are registrable on each register, checks each serial number against the aircraft’s own records, confirms the parties have the registry access and consents needed, and confirms each registration was made correctly before funds are released.
Written for / version
US

Open a jurisdiction version of this task to see which instruments apply: US

Who does what

Who does what
RoleWhat they do
AssistanceFrom the security agreement or lease, the aircraft and engine specifications and the parties’ registry details, build the registration schedule: each airframe, engine and helicopter by manufacturer, model and serial number, the PPSR registrations to be made with their collateral class and serial numbers, and the International Registry registrations and consents required from each party, and flag any serial number that differs between documents.
LawyerThe lawyer confirms which interests are registrable on each register, checks each serial number against the aircraft’s own records, confirms the parties have the registry access and consents needed, and confirms each registration was made correctly before funds are released.

Checklist

  1. Check each serial number against the manufacturer’s plate data or the aircraft’s records, not only the contract.
  2. Confirm engines are registered separately from the airframe where each is registrable collateral.
  3. Search both registers after registration and keep the search results with the closing set.

Forms and precedents for this task

Forms and precedents for this task
Form or precedentKindAI useSummary
Cape Town Convention interest and IDERA checklistChecklistAI use YellowA checklist for a financier taking an international interest in an aircraft object under the Cape Town Convention, and for an irrevocable deregistration and export request authorisation lodged with CASA.

Signed-in accounts can read the full text of each one. All precedents.

Sources

These are suggested working checks. Confirm the required checking with the responsible lawyer before work starts; the checking approach does not establish permission to use AI.

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