Contractair and Aviation Advocacy Offer New Complete Aircraft Repossession Service
23 June 2009
Under a new joint marketing agreement, Aviation Advocacy and Contractair are sharing their resources to provide one of the most comprehensive creditor protection services available in the aviation industry today.
Switzerland based Aviation Advocacy are experts in aviation law and in particular the legal and regulatory aspects of aircraft repossession. Its principals were actively involved in drafting parts of the Cape Town Convention of 2001, which is directly relevant to instances where a creditor needs to carry out repossession of a mobile asset such as an aircraft. UK based Contractair operates a proven aircraft movement service under the brand 'OneCall'. Contractair provides all the required operational and technical expertise to physically move an aircraft from one point of the globe to another at short-notice on behalf of third parties.
Today's globalised market means that aircraft can be registered in one jurisdiction, operated in another, financed by a creditor in a third and subject to the laws of a fourth country. The fact of the default may be contentious, notices must be served properly and applicable law and local procedures followed scrupulously. Therefore, aircraft repossession is far from 'situation normal'. To move an aircraft, the correct type-rated and experienced crew must be available at short-notice to position anywhere in the world. These demands call for the support of experienced professionals to ensure that creditors manage their exposure and that their assets are relocated in a timely, efficient and legal manner.
