- Joint AWG – Aviareto task force on acceptance, use and delivery of digital signatures
- GATS simulated transaction environment extended until 31 May 2020 and GATS launch moved to 1 June 2020 (COVID 19 related)
- COVID 19 related assessment and action
- AWG releases inaugural edition of the CTC compliance index
- FAA completes review of GATS final documents
- Intertrust Trustee (Ireland) Limited, Intertrust (Singapore) Ltd, UMB Bank, N.A., and Wilmington Savings Fund Society, FSB pre-cleared as GATS trustees
- GATS business aircraft group formed
- AWG establishes working group on Environmental Social & Governance (ESG) and aviation finance
- FAA completes review of GATS transitional documents
- OECD (ASU Participants) to work with and assess AWG’s CTC compliance index
Cape Town Convention (CTC)
AWG is committed to the global ratification of CTC. It consults with governments around the world on ratification, including on the declarations to be made and the relationship between CTC and national law. CTC compliance index: AWG is developing a CTC compliance index to monitor and assess compliance by contracting states with their undertakings under CTC.
The overriding objective of AWG work on XBT is to seek alignment of international regulation, national law, and best practices with the realities of cross-border transfers while at all times maintaining or improving the highest standards of safety through processes that reduce regulatory overlap and duplication and promote consistency, accuracy and simplicity.
Environmental Social and Governance
AWG has established a working group to assess, provide information, and potentially take action on, ESG geared to the context of aviation financing and leasing . The foregoing may include the development of metrics, methods, emissions (and CORSIA-related liability) tracking, reporting and documentation and/or principles geared to the context of aviation financing and leasing.