The first edition of the World Aircraft Repossession Index, including 57 important jurisdictions worldwide, has been published on October, 30th, 2015. The initiative to realise this unique work was undertaken by the law firm Pillsbury Winthrop Shaw Pittman LLP and it is available free-of-charge. See the websites below. The publication is a most workable tool for risk rating agencies, export credit institutions, lessors, financiers, practicing lawyers, academics, students and the international aviation finance and lease practice at large. Lincoln Gomez and Patrick Honnebier of the law firm Gomez & Bikker had the pleasure to be invited to participate as the counsel for the jurisdiction Aruba in regard to providing the local expert analysis.
The final outcome of the local research is based on seven special criteria, which numerically establish the legal and practical success of repossessing aircraft in each contributing country. Besides, the index provides for an overview and a worldmap which highlight the overall score of each participating jurisdiction.
We are delighted to emphasize that worldwide Aruba has the highest score of all the 57 contributing states. In addition, it is particularly noteworthy that the competing 'aircraft nationality registries of choice' have obtained much lower aggregate scores. While worldwide Aruba is the only country having an overall 100 % score, the latter off-shore aviation finance jurisdictions have scored between 58 and 91 %. In summary, the publication clearly confirms that Aruba is the leading registry of choice!