IDERA

IDERA (Irrevocable Deregistration and Export Request Authorization) is a voluntary measure that provides greater security to creditors by preventing a debtor from flying an aircraft to a jurisdiction where the Cape Town Convention does not apply.

 

Once the IDERA is registered the DCA shall de-register and/or cooperate to facilitate the export of aircraft objects within five (5) working days on the request of the creditor as “authorized party” in case of default of the debtor.

 

The aircraft for which there is a recorded IDERA may not be de-registered on the request of the debtor, unless that IDERA is the subject of a revocation.

 

 To file an IDERA: The Financial Institution or Operator must submit Form INS-4.082 to DCA to process acceptance and filing.

 

To revoke an IDERA: The Financial Institution or Operator must submit Form INS-4.083 to DCA to process revoke request and filing.