The Georgian government is preparing amendments to the ‘Aviation Code of Georgia’ aimed at bringing national legislation closer to the Cape Town Convention, which the country joined last year.
The explanatory note says the reform will create a mechanism allowing creditors to register property rights in an international registry, offering stronger protection in case of contractual default.
The government says the system is expected to improve investor confidence in Georgia’s aviation market and reduce the cost of aviation assets, including aircraft and engines, for local carriers.
Under the proposed changes, creditors would also be able to request the removal of aircraft from the Georgian state register and their export from the country in case of non-fulfilment of obligations.
The Aviation Agency would be responsible for deregistering aircraft if a creditor presents a court order as a temporary measure to protect rights under the Cape Town Convention.
The explanatory note adds that the reform is expected to strengthen the reliability of the Georgian aviation market for foreign investment, and the relevant provisions are set to enter into force on August 1, 2026.
