|
|
|
Malta’s Aviation Sector - Aircraft Registration Act 2009
07/09/2009 |
|
Following
a consultative document which was issued in March of this year,
the Ministry for Infrastructure, Transport and Communications
have developed a draft legislation named Aircraft Registration
Act, 2009. This piece of legislation will attempt to emulate the
success of Ship Registration under the Malta flag. Nonetheless
this law will try to go a step further and instigate other
aviation clusters such as flying schools and aviation technical
centres.
Recently, there has been the establishment of various aviation
companies in Malta such as Comlux – The Aviation Group and
Diamond Flight Training. One hopes that the presence of such
companies in Malta will increase when the new legislation comes
into force. The revamped aviation sector will be under the
auspices of a new Malta Transport Authority which is currently
in the process of employing professional personnel who will form
the backbone of the Malta Civil Aviation Department.
Important Points on the new Aircraft
Registration Act, 2009
From the outset, it is made clear that for a person or entity to
register an aircraft in Malta all that is required is the
appointment of a resident agent in Malta. The aircraft may be
registered either by an operator of the aircraft or its owner,
even though the airplane is held under a temporary title. If the
plane is still under construction then it can still be
registered as long as it is uniquely identifiable.
The new Act also provides for concepts such joint or fractional
ownership as well as the possibility to register the aircraft if
it is held under a trust. All of these innovations are meant to
attract owners to register the aircraft in an EU jurisdiction
which applies the highest standard of EU laws.
This is also coupled by a ratification of the Cape Town
Convention which set up the International Registry where
aircraft engines are registered.
Chetcuti Cauchi Advocates is an active member of the discussions
which are taking place and is providing constant feedback in the
drafting of these new laws. Therefore all those who wish a copy
of this new Act or have any comments can
contact us here.
Malta
Aviation Law
Malta
Companies
|
|
Practice Group Section |
|
Malta Yacht
Services
Shipping Practice
Group
Corporate Law
Practice Group
|
|
|
|
|
|