A uniform system of state registration of rights for aircrafts and transactions therewith

The Federal Law dated March 14, 2009 No. 31-FZ “On state registration of rights for aircrafts and transactions therewith" introduces a uniform federal system of state registration of rights for aircraft and transactions therewith, establishes a procedure of such state registration and peculiarities of state registration of separate types of rights for aircrafts.

We remind that in accordance with Article 130 of the Civil Code of RF aircrafts subject to state registration shall be referred to immovable assets and, therefore, rights to such aircrafts shall be transferred as of the moment of such state registration.

From September 14, 2009 rights to aircrafts as well as transactions with aircrafts shall be subject to state registration if state registration of such transactions is provided for by the Civil Code of RF.

The rights to aircrafts and transactions therewith shall be subject to state registration in the Uniform state register of rights to aircrafts which is a federal information system and is run by a body of state registration of rights to aircrafts.

This procedure concerns civil aircrafts which are subject to state registration in accordance with the Air Code of RF as well as state aircrafts which are used for commercial purposes in the manner established by the Government of the Russian Federation.

The rights to aircrafts originated prior to the date when this Law entered into force and transactions therewith effected prior to this moment shall be acknowledged legally valid provided that there is no state registration introduced by this Law.

State registration of such rights shall be made if desired by holders of such rights