The Cape Town Convention is an international treaty whose main aim is to standardise transactions involving immovable property.
This treaty has now become widely recognized as a market standard in aircraft finance transactions and is designed to facilitate the registration of aircraft, facilitate aircraft financing and safeguard the interests of aircaft owners and operators.
The treaty resulted from a diplomatic conference held in Cape Town, South Africa, in 2001. The aircraft protocol was signed with the treaty and Malta is one of the snigatories.
The aircraft protocol refers to :
Aircraft which can carry at least 8 people or 2750 kg of cargo.
Aircraft engines with thrust exceeding 1,750 pounds-force or 50 horsepower.
Helicopters carying 5 or more passengers.