(1) In this Part -

"the ANO" means the Air Navigation Order 2016 [S.I. 2016/765. There are amendments which are not relevant to these Regulation];

"beneficial interest" means any beneficial interest, however arising (whether held by trustee or nominee or arising under a contract or otherwise), other than an interest held by any person as mortgagee.

(2) For the purposes of regulation 51(1)(b), an aircraft is "owned" by a person if -

(a) the legal title to the aircraft, or to any share in the aircraft, is vested in the person, or

(b) the person has a beneficial interest in the aircraft or in any share in the aircraft,

and the reference to a legal title or other interest includes one held jointly with any other person or persons.

(3) Any expression used in this Part and in section 6 of the Act (aircraft sanctions) has the same meaning in this Part as it has in that section.