Minister Farrugia at EBACE “Malta ranks first in the Cape Town Compliance with a score of 95”

After a two-year hiatus, the European Business Aviation Convention (better known as EBACE) returned as an in-person event between the 23^rd and the 25^th of May 2022.

Among the several participants who took to the magnificent Palexpo in Geneva, Switzerland, was the Maltese Minister for Transport, Infrastructure and Capital Projects, Aaron Farrugia. Amid Malta’s ever-growing reputation for excellence within the aviation sector, Farrugia took the opportunity to address the media stating that, at present, Malta ranks first in the Cape Town Compliance with a score of 95, a score which was undoubtedly received as a consequence of Malta’s robust legislative framework for aircraft registration under the Malta Aircraft Registry.

The Cape Town Convention and its Aircraft Protocol have been transposed into the Maltese Aircraft Registration Act (Chapter 503 of the Laws of Malta) thereby providing extensive remedies to secured creditors and aircraft lessors as well as providing protection to the interests of sellers, buyers and creditors through the creation of an international registry for this sector. Such implementation has accordingly allowed for effective and expeditious enforcement where necessary.

Following the recent news that TM-CAD has officially registered over 665 aircraft under the Malta Aircraft Registry, as well as having obtained a high mark in the Cape Town Compliance, it comes as no surprise that Europe’s fastest-growing ultra-low-cost airline, WizzAir has also officially announced that it will be setting up an airline based in Malta as it strives for a better strategic position in Europe and North Africa.

Inarguably, this all seems to be a move in the flight direction.