Aircraft and Aircraft Engine Mortgage
In Bermuda, aircraft financiers can protect their interests through two mortgage registers – one for aircraft engines and one for the aircraft themselves. By registering a mortgage, aircraft financiers may obtain priority over unsecured creditors, take possession of aircraft in the event of a default by the owner or borrower, and sell the aircraft to recover funds to satisfy the lender’s debt.
Bermuda Civil Aviation Authority Aircraft Mortgage Applications are available online through AIRS. To gain access or if you require additional information, please contact firstname.lastname@example.org.
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