Practical approaches to protective remedies: overview of Civil Aviation Law internationallawoffice.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from internationallawoffice.com Daily Mail and Mail on Sunday newspapers.
On May 20, 2021, Mexico's Congress published reforms to the Civil Aviation Law to better align the nation's air transport industry with the regulatory requirements of international.
Aviation authority proposes removal ceiling rates of airfares Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công
18/05/2021 11:17 GMT+7
The Civil Aviation Authority of Vietnam (CAAV) has proposed removal of the cap for airfares on domestic flight routes operated by at least three.
Airplanes are seen in Phu Cat airport in Binh Dinh Province. The CAAV has proposed airlines can decide their own domestic ticket prices on routes with three or more airlines operating together.
The Civil Aviation Authority of Vietnam (CAAV) has proposed the removal of the cap for airfares on domestic flight routes operated by at least three carriers.
Introduction
This article is part of a series on protecting the interests of aircraft owners and lessors.(1) In the context of political uncertainty in Peru, this article explains the remedies that the Civil Aviation Law provides to aircraft and engine owners and lessors to guarantee their property and creditors rights.
Until 2006 the Civil Aviation Law set out the following remedies:
aircraft and engine detention;
engine pledges.
However, since the enactment of the Security Interest Law, which replaced aircraft mortgages and engine pledges with security interests, detention is the only remedy offered by the Civil Aviation Law (other mechanisms are available in other statutes).
The domestic air transport market is mainly serviced by airlines whose fleets are comprised primarily of leased aircraft owned by foreign lessors. According to Peruvian law, local aircraft are those that are registered in the Peruvian public registry, while foreign aircraft are those that are not.
Foreign aircraft may operate in Peru while bearing foreign registration marks (eg, N, C or CC) or obtain provisional local registration marks, but this affects neither the legal definition of the aircraft as foreign nor the title to the assets.
It is in the best interests of domestic operators, as lessees, that aircraft leases are duly and promptly recorded in the local public registry. This is a requirement for transferring the operator condition and for having the local aviation authority inspect the aircraft.