CHAPTER II: MORTGAGES AND LIENS ON AIRCRAFT.

The mortgage may be extended on an ancillary basis to spare parts corresponding to the type of the mortgaged aircraft(s) provided that said parts are individualised. These spare parts are stored in one or more locations which are subject to the publicity provided for in article L. 122-4. When they are used on the aircraft to which they are assigned, they must be replaced immediately. The creditor shall be notified…

The spare parts referred to in the previous article include all the component parts of aircraft, engines, propellers, radios, instruments, equipment, fittings, parts of these various components and more generally all objects of any nature whatsoever kept with a view to replacing the component parts of the aircraft, subject to their individualisation. Appropriate advertising, carried out on site by means of posters, must duly inform third parties of the nature…

The privileges mentioned in the previous article relate to the aircraft or to the insurance indemnity mentioned in article L. 122-6. They follow the aircraft in whichever hand it passes. They are extinguished three months after the event which gave rise to them, unless the creditor has previously entered his claim in the aircraft’s registration register, after having had the amount recognised by amicable agreement or, failing that, having taken…