Parliament passes Protection of Interests in Aircraft Objects Bill 2025

Parliament has passed the Protection of Interests in Aircraft Objects Bill, 2025 with the Lok Sabha approving it yesterday. Rajya Sabha has already passed the bill. The bill seeks to provide for the protection of interests in aircraft objects. It also seeks to implement the Convention on International Interests in Mobile Equipment and the Protocol to the Convention on International Interests in Mobile Equipment on Matters Specific to Aircraft Equipment, each signed at Cape Town in 2001. 

The Convention and the Protocol aim to bring uniformity in securing rights for high-value assets such as aircraft, helicopters, and engines. The Bill empowers the central government to make rules to implement the provisions of the Convention and the Protocol. The bill designates the Directorate General of Civil Aviation as the registry authority for the convention. The registry authority is



responsible for the registration and de-registration of aircraft.

Replying to the debate on the bill, Civil Aviation Minister K Rammohan Naidu said that till 2014, the total air passenger traffic was only 10 crore 40 lakh, which has doubled in the last ten years during the Narendra Modi government. He stressed that the aviation sector has grown with a CAGR of 12 percent in the country. He said that India is already a signatory of the Cape Town Convention which came into effect in 2001. 

He said this landmark bill aligns India’s aviation laws with global standards under the Cape Town Convention, boosting aircraft financing and leasing efficiency. Mr Naidu said that the legislation will help promote the easing industry. He said the objective behind bringing the bill is to make the airfare reasonable and enhance the aircraft fleet.