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The International Registry permits individuals and organisations to register and search financial interests in aircraft assets. Our customers use the Registry to electronically record international interests for the purpose of establishing the priority of those interests.
Registration of security (financial) interests in aircraft and engines on the IR is not required by law, but purchasers and lenders typically require it to better protect their interests in the items.
Qualifications for the International Registry A helicopter with at least five seats (incl. crew) Jet propulsion aircraft engines that produce at least 1750 lb of thrust. Turbine powered or piston powered aircraft engines with at least 550 take-off horsepower.
This IR was established to provide an electronic system that records the interests in airframes, aircraft engines and helicopters. An IR registration is required when an aircraft/helicopter is being financed. The lender wants to secure his lender rights and place the transaction therefore in the IR.
The IR is the International Registry of Mobile Assets, located in Dublin, Ireland. The IR was established pursuant to a Convention on International Interests in Mobile Equipment, adopted on November 16, 2001 at a diplo- matic conference held in Cape Town, South Africa.
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