Database ICAO’s international registry of mobile assets is set to go live on 1 March next year after crucial ratification of the founding Cape Town protocol by the Malaysian government. The registry will provide an electronic database housing ownership and financial interests in airframes, engines and similar assets. This will allow financial lenders to make better judgements on risk and exposure, giving the potential benefit of lower interest rates. Intergovernmental organisation the International Institute for the Unification of Private Law (Unidroit) says this fixes the registry’s date of entry into force as 1 March 2006. The Irish government and SITA have formed a joint venture, Aviareto, to create and manage the registry.


Source: Flight International