CAR IDERA provides procedures for:
(a) recording and cancelling an IDERA, and
(b) de-Registering aircraft and exporting aircraft objects under an IDERA.
Once the IDERA is registered the CAA shall deregister and/or cooperate to facilitate the export of aircraft objects within five 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.
An Irrevocable De-registration and Export Request Authorisation, Designation of the certified designee, De-Registration and Export Request and IDERA Revocation can be made, respectively, in the Form of Annex 1, 2, 3 or 4.
