Aircraft and Marine commercial and International financing is specialized as many who have sought it may have discovered. Many buyers have gone to their local bank to ask for a loan to buy an airplane and marine only to be told that the bank doesn’t lend money on aircraft and marine Internationally.
The reason for that is because aviation law is very specialized. It is so because there is always more than one government regulatory agency involved in making law regarding aircraft be it general aviation or commercial aviation. There are multiple International agencies and law making bodies involved because airplanes and marine are things that are made to move. Even a small airplane or boat can cross into another state or country easily. And when that happens the laws of neighboring states or countries have to enable a lender to secure their collateral, the commercial airplane or marine (ship), in the event it has to be repossessed.