Proceedings of the 3rd International Conference on Business Law and Local Wisdom in Tourism (ICBLT 2022)

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Unravelling the Legal Position of Fiduciary Guarantees Against Aircraft in Indonesia

Authors
Amira Jasmine1, *, Ali Abdullah1
1Faculty of Law Master of Notarial Affairs, Pancasila University, South Jakarta, Indonesia
*Corresponding author. Email: amira.jas@gmail.com
Corresponding Author
Amira Jasmine
Available Online 25 January 2023.
DOI
10.2991/978-2-494069-93-0_111How to use a DOI?
Keywords
Unravelling; Fiduciary; Aircraft
Abstract

The aims of this study are to find out how is the technical publication of the recording of fiduciary guarantees on airplanes and to fill the legal vacuum for the implementation of aircraft guarantees that are used as credit guarantees in banks. With the idea, banks can remove registration marks and carry out executions by auction, and the auction can be carried out to the world of international aviation, because the registration mark in Indonesia has been removed, so if a foreign party wants to buy an auction item in the form of an aircraft guarantee, it can the registration mark is registered in the country of origin of the purchaser of the aircraft. And here is contained the theory of dignified justice because with the idea that if repayment cannot be made, the bank can easily execute the guarantee guaranteed by the bank and the value of the auction is sufficient to pay off the debt proposed by the airline company for financing credit facilities.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 3rd International Conference on Business Law and Local Wisdom in Tourism (ICBLT 2022)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
25 January 2023
ISBN
10.2991/978-2-494069-93-0_111
ISSN
2352-5398
DOI
10.2991/978-2-494069-93-0_111How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Amira Jasmine
AU  - Ali Abdullah
PY  - 2023
DA  - 2023/01/25
TI  - Unravelling the Legal Position of Fiduciary Guarantees Against Aircraft in Indonesia
BT  - Proceedings of the 3rd International Conference on Business Law and Local Wisdom in Tourism (ICBLT 2022)
PB  - Atlantis Press
SP  - 950
EP  - 961
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-494069-93-0_111
DO  - 10.2991/978-2-494069-93-0_111
ID  - Jasmine2023
ER  -