Aircraft registration and the use of Irrevocable De-registration and Export Request Authorizations (IDERAs) are critical components of managing aircraft in Canada. Proper registration is essential for legal compliance, while IDERAs provide crucial protections for lenders and lessors in the event of a default. YYZlaw offers expert legal services to guide clients through these processes, ensuring that all legal requirements are met and that their interests are protected.
Aircraft Registration
In Canada, aircraft registration is managed by Transport Canada, and it is a mandatory step for all aircraft operating within Canadian airspace. The registration process involves several steps, each of which requires careful attention to detail to ensure compliance with Canadian aviation law.
Initial Registration
YYZlaw assists clients in preparing and submitting the necessary documentation for initial aircraft registration. This includes providing guidance on the completion of registration forms, submission of ownership documents, and payment of registration fees. We ensure that all paperwork is accurately completed and submitted to Transport Canada, reducing the risk of delays or rejections.
Registration Transfers
When an aircraft changes ownership, the registration must be updated to reflect the new owner. YYZlaw provides legal support for the transfer of aircraft registration, ensuring that the transaction complies with all regulatory requirements. This includes drafting and reviewing purchase agreements, coordinating with Transport Canada, and managing the transfer process.
Ongoing Compliance
Aircraft registration is not a one-time process; it requires ongoing compliance to ensure that the registration remains valid. YYZlaw offers ongoing support to help clients maintain compliance with registration requirements, including renewals, updates for changes in aircraft status, and reporting obligations.
IDERAs
Irrevocable De-registration and Export Request Authorizations (IDERAs) are powerful tools that provide lenders and lessors with the legal authority to deregister and export an aircraft in the event of a default. IDERAs are recognized under the Cape Town Convention, to which Canada is a signatory, and they play a critical role in securing financing for aircraft transactions.
IDERAs Creation and Registration
YYZlaw assists clients in drafting and registering IDERAs with Transport Canada. This process involves ensuring that the IDERA complies with both Canadian law and the requirements of the Cape Town Convention. YYZlaw assists clients in drafting and registering IDERAs with Transport Canada. This process involves ensuring that the IDERA complies with both Canadian law and the requirements of the Cape Town Convention. Our services include preparing the IDERA documentation, coordinating with relevant authorities, and ensuring that the IDERA is properly recorded in the International Registry.
IDERAs Enforcement
In the event of a default, YYZlaw provides legal support for enforcing IDERAs, including the deregistration and exportation of the aircraft. We work closely with lenders and lessors to ensure that their rights are protected and that the process is carried out smoothly and efficiently. Our expertise in Canadian aviation law and international conventions ensures that the enforcement of IDERAs is handled with the highest level of professionalism and legal precision.
Ongoing Support and Compliance
YYZlaw’s services don’t end with registration or IDERA creation. We provide ongoing support to ensure that clients remain compliant with all relevant regulations. This includes advising on any changes to Canadian aviation law, assisting with the renewal of registrations, and providing legal representation in disputes related to aircraft ownership and financing.
By offering comprehensive legal services in aircraft registration and IDERAs, YYZlaw helps clients navigate the complexities of Canadian aviation law, ensuring that their aircraft are properly registered and their financial interests are protected. Whether you are acquiring a new aircraft, transferring ownership, or securing financing, YYZlaw is your trusted partner in managing these critical aspects of aviation operations.
