GATS Stimulated Transaction has been saved
GATS Stimulated Transaction
Enviorment Live from 1 March
The Global Aircraft Trading System (GATS) electronic platform (the GATS Platform) is scheduled to launch on 1 April 2020
The Global Aircraft Trading System (GATS) electronic platform (the GATS Platform) is scheduled to launch on 1 April 2020.
For a one-month period commencing 1 March 2020 the functionality of the GATS Platform will be made available to the public in ‘simulation mode’ (the Simulated Transaction Environment).
The Simulated Transaction Environment will allow prospective GATS lessors, financiers, airlines, trustees, professionals, and others the opportunity to familiarize themselves with the GATS Platform, and train employees and other personnel on how to use the GATS Platform. A helpdesk function will be made available to assist with user enquiries or any functionality issues users may experience while using the GATS Platform.
We encourage all prospective GATS users to spend time in the Simulated Transaction Environment over the coming weeks in order to gain experience of trading aircraft through the GATS Platform.
Deloitte is a member of the GATS platform tax advisory board which was formed under the auspices of the Aviation Working Group. We would be happy to assist with any tax questions in relation to the trading of aircraft through the GATS Platform.
We would recommend that users read the GATS memorandum regarding the Simulated Transaction Environment in advance of entering the simulation
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