Cape Town Treaty, an international legal framework intended to protect the interests of aircraft financiers and lessors in cross-border aircraft financings, is set to take effect March 1 following accession to the treaty by Malaysia last week, the Export-Import Bank said Friday. Malaysia became the required eighth country to ratify or accede to the treaty. Others are Ethiopia, Ireland, Nigeria, Oman, Pakistan, Panama and the US. In the event of a bankruptcy, lessors are entitled to have ...

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