Gomez&Bikker | Law Offices Aruba

Cape Town Convention on International Interests in Mobile Equipment and the Aircraft Protocol

Following recommendations made by Gomez & Bikker’s Aviation Finance Practice Group, the Government of Aruba has accepted to ratify and implement the Cape Town Convention on International Interests in Mobile Equipment and the Aircraft Protocol thereto. These two instruments jointly are commonly referred to as the Cape Town Convention. The decision was a logical following the New Fiscal Framework that was introduced in Aruba in 2006 and the modern aircraft registration and financing legislation that Aruba has in place. The decision was taken shortly after Aruba successfully passed the ICAO audit, maintaining its Category 1 status, in 2009. This step taken by the Government was to further diversify the economy. Unlike many other jurisdictions that are merely now starting to draft legislation, Aruba has all the aviation-, flight safety-, finance-, civil- and corporate legislation in place to attract foreign aircraft owners, lessors and operators to register their aircraft and/or engines in Aruba.