On Friday, March 29, 2019, the Aviation Working Group (AWG) published FAQs, e-terms, and draft contracts relating to its Global Aircraft Trading System (GATS).  Those documents and other materials published by fixed-wing commercial aircraft financiers suggest that GATS is really designed for that market.  The FAQs are, however, drafted expansively, and the GATS e-terms expressly contemplate that business aviation participants could use GATS.

Perhaps GATS will work well for fixed-wing commercial aviation market participants.  Business aviation participants should proceed with caution for the reasons set out in this article.