Protection and Enforcement of Interests in Aircraft Objects Act, 2025

The Protection and Enforcement of Interests in Aircraft Objects Act, 2025 establishes a robust legal framework to safeguard the rights of aircraft lessors and financiers in India. It aligns domestic aviation law with the Cape Town Convention, 2001, ensuring international standards in aircraft leasing and financing.

Key Provision	Details
Insolvency Protection	The Act allows lessors to repossess aircraft even during insolvency proceedings after a specified period, preventing assets from being trapped in lengthy legal battles.
IDERA Mechanism	Introduces the Irrevocable De-registration and Export Authorisation (IDERA) system, enabling swift deregistration and export of aircraft in the event of default.
International Recognition	Security interests created under international agreements are legally recognized and granted priority over domestic claims.
Implementation and Significance	The Directorate General of Civil Aviation (DGCA) is designated as the enforcement authority to enforce the Act and process repossession requests. By enhancing investor confidence and lowering leasing costs, the Act supports India’s expanding aviation market and complements the Bharatiya Vayuyan Adhiniyam, 2024.

PT Facts

Year: 2025.
Sector: Civil aviation finance and aircraft leasing.
Purpose: Protects creditor and lessor interests in aircraft objects.
Treaty Link: Linked to Cape Town Convention framework.
Authority: DGCA acts as the enforcement authority.
Economic Link: Improves confidence in aircraft financing and leasing.

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