AWG launches Global Aircraft Trading System (GATS)

The Global Aircraft Trading System has gone live, as of now, leasing companies will be able to trade aircraft electronically executing documents for the first time using digital signatures, by migrating their existing owner trusts onto the GATS platform or by establishing new GATS Trusts directly on the GATS platform. WFW assisted The Aviation Working Group in developing the GATS standard form trust and security documentation and the GATS e-Terms and has for the last 18 months acted as its single point of contact with Fexco, who developed and are operating the platform on their behalf. The AWG is a not-for-profit