RIGHTS IN AIRCRAFT

Wanganui Chronicle, 24 June 1948, Page 5

RIGHTS IN AIRCRAFT

WORLD CIVIL AVIATION-BODY ADOPTS CONVENTION (N.Z.P.A.--Special correspondent.) Recd. 8.20 p.m. London, June 23 Probably the outstanding achievement of the Assembly of the International Civil Aviation Organisation was the adoption of an international convention to recognise rights in aircraft, states the "Manchester Guardian’s” Geneva correspondent. It was adopted unanimously by the conference, which concluded its work. It already had been signed (subject to ratification) by 17 States out of 48 members of the organisation. The convention will ensure recognition by all the contracling States of the rights in aircraft constituted in any country a party to the convention. says a correspondent. It is designed to afford international airline operators the largest possible measure of assistance in arranging the provision of funds for aircraft purchases, and its adoption is intended to accelerate the use of aircraft on the world air line.

The convention provides the best security which can be devised to those who provide money for the purchase of aircraft and of spare parts, whether the assets involved are within, or outside, the State in which the aircraft are registered. It secures the rights of all third parties in all contracting States. This security is achieved with a minimum of interference with national laws and a minimum of difficulty and expense for member nations of the 1.CA.0. On the question of joint or international ownership of airlines, says the correspondent, it is clear that American opposition to all forms of what is regarded on the other side of the Atlantic as "socialisation” in airline operation is on the wane.