With reference to the Protection of Interests in Aircraft Objects Bill, 2025, which of the following statements is/are correct? 1. It aims to give statutory effect to the Cape Town Convention, empowering the Directorate General of Civil Aviation (DGCA) to facilitate aircraft repossession. 2. The provisions of this Bill are subservient to the Insolvency and Bankruptcy Code (IBC) in cases of airline bankruptcy.

Question

Accepted Answer

1 only — Statement 1 is correct; the Bill implements the Cape Town Convention and empowers the DGCA. Statement 2 is incorrect; the Bill includes an overriding clause where its provisions prevail over inconsistent domestic laws, including the IBC, ensuring aircraft assets are protected from insolvency moratoriums.

Aircraft Objects Interests Bill Introduced

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