Parliament passes Protection of Interest in Aircraft Objects Bill, 2025
The Lok Sabha passed the Protection of Interest in Aircraft Objects Bill, 2025 on 3 April 2025, completing its passage through Parliament after the Rajya Sabha had already accepted it.
Summary
The Lok Sabha passed the Protection of Interest in Aircraft Objects Bill, 2025 on 3 April 2025, following its earlier passage in the Rajya Sabha, so the Bill has now cleared both Houses, the Civil Aviation Ministry said. Introduced by Civil Aviation Minister Ram Mohan Naidu, the Bill aims to align India's aircraft leasing and financing framework with global standards. It builds on the Cape Town Convention of 2001, which simplifies and standardises international leasing agreements; India adopted the Convention in 2008, but gaps in legal enforcement made leasing typically 8 to 10% costlier for Indian carriers. The Bill is expected to give legal certainty to aircraft financiers and improve India's compliance scores under the Convention.
Key facts
- Bill
- Protection of Interest in Aircraft Objects Bill, 2025
- Lok Sabha
- Passed 3 April 2025
- Rajya Sabha
- Passed earlier
- Minister
- Civil Aviation Minister Ram Mohan Naidu
- Basis
- Cape Town Convention, 2001; adopted by India in 2008
- Problem addressed
- Leasing costs 8-10% higher due to enforcement gaps
Practice MCQs 3 questions
The Protection of Interest in Aircraft Objects Bill, 2025, passed by Parliament in April 2025, builds on which international convention?
Show answer
Correct answer: A — Cape Town Convention, 2001
PIB (Civil Aviation): the Bill builds on the framework of the Cape Town Convention of 2001, which aimed to simplify and standardise international leasing agreements.
In which year did India formally adopt the Cape Town Convention, according to the Civil Aviation Ministry?
Show answer
Correct answer: C — 2008
PIB (Civil Aviation): India formally adopted the Cape Town Convention in 2008, but gaps in legal enforcement led to higher leasing costs.
According to the Civil Aviation Ministry, gaps in enforcing the Cape Town Convention made aircraft leasing for Indian carriers typically how much costlier than in other nations?
Show answer
Correct answer: C — 8 to 10 percent
PIB (Civil Aviation): India adopted the Cape Town Convention in 2008, but gaps in legal enforcement led to leasing costs typically 8 to 10 percent higher than other nations.