What Is IDERA in Aircraft Leasing?
IDERA defined for aviation professionals, with its operational or commercial use, document context and related terminology.
Definition, Documents and Application
An IDERA is an Irrevocable Deregistration and Export Request Authorization used under the Cape Town Convention framework to help an authorized creditor request deregistration and export after an enforceable default.
Aviation Glossary
Term: IDERA
Category: Aircraft Leasing & Finance
Where the Term Appears
IDERA can appear in aircraft leases, loan agreements, security documents, appraisals, insurance provisions or closing deliverables depending on the transaction. The exact legal effect comes from the executed documents, governing law and the role of each party.
How It Affects the Transaction
Its effectiveness depends on the relevant state having adopted the applicable Convention and Protocol remedies and on correct filing with the aircraft registry.
What to Review
Read the definition together with payment mechanics, default provisions, insurance, maintenance, return conditions, security and enforcement rights. A familiar label can have a different economic effect when the drafting or calculation method changes.
Related Aviation Topics
Related ACMI World coverage includes key terms in aircraft leasing contracts, business jet leasing, aircraft acquisition financing, cross-border jet lease terms and aircraft valuation and LTV.
Its effectiveness depends on the relevant state having adopted the applicable Convention and Protocol remedies and on correct filing with the aircraft registry.
IDERA FAQ
What does IDERA mean in aviation?
An IDERA is an Irrevocable Deregistration and Export Request Authorization used under the Cape Town Convention framework to help an authorized creditor request deregistration and export after an enforceable default.
Why does IDERA matter?
Its effectiveness depends on the relevant state having adopted the applicable Convention and Protocol remedies and on correct filing with the aircraft registry.
Where would an aviation professional encounter IDERA?
It is commonly encountered in aircraft leasing & finance documents, procedures, calculations or operating discussions where the underlying technical or commercial issue is relevant.
Does the term have the same meaning in every aircraft finance document?
No. Market terminology is useful shorthand, but the executed agreement controls. Defined terms, calculation methods, governing law and transaction structure can change the result.