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Financiers of large commercial aircraft often structure deals so they may repossess the aircraft as its mortgagee, chargee of the shares in the SPV they have funded to own and lease the aircraft, and assignee of the SPV's rights under a lease of the aircraft to its operator
For an aircraft financier, among the virtues of the Cape Town Convention and its Aircraft Equipment Protocol (together Cape Town) are that it aims to bring speed, certainty and cost savings to the process of repossessing (and otherwise realising value from) aircraft and engines on an insolvency or other default where these assets are in a country whose legal system would otherwise give cause for concern
