It's a turbulent time for airlines as the industry grapples
to adapt to the future post COVID-19, however, there are
developments in the industry which may help it get back on its
feet. Anne Flood, Vassilena Ouzounova and Paul Griffith share more on what these
developments are.
In June 2020, the Aviation Working Group (AWG) will launch the
Global Aircraft Trading System (GATS), a fully electronic platform
for the buying and selling of aircraft engines on lease. The system
intends to streamline the trading and financing of leased aircraft
equipment, reducing the burden on lessees, lessors and financiers
by using advanced technology, a sophisticated e-platform and
digitally executed standardised form documents.
