The Global Aircraft Trading System (GATS): some practical and documentary considerations

The Global Aircraft Trading System (GATS) is a fully electronic system designed to facilitate certain aircraft trading and financing transactions. This system seeks to streamline these often time consuming processes while at the same time increasing transparency and confidence in trading through the use of standardised processes and by recording GATS transactions on a secure e-Ledger which is searchable by any persons with a GATS account. In this article, we discuss some considerations for lessees, lessors and financiers thinking about whether GATS is right for their transaction.

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