Cape Town Convention Discount

When Malta enacted the Aircraft Registration Act in 2010, it ratified and implemented the Cape Town Convention. Malta is therefore now eligible for the Cape Town Convention Discount. The CTC Discount is created by the 2011 Sector Understanding on Export Credits for Civil Aircraft which provides for a discount of up to 10% of the Minimum Premium Rate established therein.

This discount applies to aircraft financing transactions that are backed by export credit agencies in relation to aircraft operated in Malta. In order to qualify for this discount, the aircraft that is the subject of the aircraft financing transaction must be one which falls under the definition of aircraft object as provided in the Cape Town Convention, and is registered in the International Registry.
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