The Georgian government is introducing amendments to the country’s Air Code of Georgia aimed at aligning national legislation with the Cape Town Convention, which Georgia joined in 2023. According to the explanatory note, the changes will create a mechanism allowing creditors to register their property rights in an international registry, ensuring protection in cases of contractual default.
The government says the system will enhance the credibility of Georgia’s aviation market for foreign investors and significantly reduce the cost of aircraft and engines for Georgian air carriers. Under the amendments, creditors will also gain the right to request the removal of an aircraft from Georgia’s state registry and its export from the country if obligations are not fulfilled.
The proposed legislation also authorizes the Aviation Agency to remove an aircraft from the national registry when a creditor submits a court order mandating such action as a temporary measure under the Cape Town Convention.
The provisions reflecting the Convention’s requirements in Georgian law are set to take effect on August 1, 2026.
