Perfecting security over aircraft and registering security on the UK Register of Aircraft Mortgages

The following Banking & Finance practice note provides comprehensive and up to date legal information covering:

  • Perfecting security over aircraft and registering security on the UK Register of Aircraft Mortgages
  • Security over aircraft—overview of perfection/registration requirements
  • The difference between perfection and priority
  • Registration at Companies House
  • Registration on the UK Register of Aircraft Mortgages
  • How to register an aircraft mortgage on the UK Register of Aircraft Mortgages
  • Completing form CA1577
  • Application procedure
  • Effect of registration on the UK Register of Aircraft Mortgages
  • Priority notices
  • More...

Perfecting security over aircraft and registering security on the UK Register of Aircraft Mortgages

IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU. At this point in time (referred to in UK law as ‘IP completion day’), key transitional arrangements come to an end and significant changes begin to take effect across the UK’s legal regime. This document contains guidance on subjects impacted by these changes. Before continuing your research, see Practice Note: What does IP completion day mean for lending lawyers? [Archived].

Coronavirus (COVID-19): Transaction planning will need to take into account the impact of coronavirus (COVID-19) on execution of documents and company filing and administration procedures. For further information, see Practice Note: Coronavirus (COVID-19)—implications for lending transactions—Coronavirus (COVID-19)—impact on deal execution? Specifically in relation to submitting aircraft mortgages for registration in the UK, the information below is impacted. The CAA has confirmed that, as form CA1577 requires signature, it cannot be submitted online. It must be printed and signed, and can then be scanned and emailed to the CAA at aircraft.reg@caa.co.uk. If all the relevant information has been submitted as scanned documents, there is no requirement to also send hard copy originals. Practitioners submitting a certified copy as a scanned document must ensure the copy of the

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