Aircraft leasing industry takes trading online

By Jennifer Kang
23 Jun 2020

The Aviation Working Group launched the first digital aircraft equipment trading and financing platform this month, dubbed Global Aircraft Trading System (GATS). Sources say the platform will reduce time and money spent on trading aircraft, especially making it easier for lessors to swap planes in and out of their portfolios based on their needs.

Launched on June 1, GATS aims to minimise the effort it takes for airlines, lessors and financiers to trade aircraft equipment while preserving the rights of all parties involved, according to the Aviation Working Group.

The online platform uses e-signatures, e-documents and e-delivery, and records all transactions on ...

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