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This paper addresses whether or not the leasing of aircraft phenomena is promoting aviation safety better than International Civil Aviation Organization initiatives. The industry initiative is more effective than ICAO initiatives because the industry is focused on filling safety gaps using commercial transactions, which makes it is easier for the industry to garner support of its initiatives. The paper presents background information on two ICAO initiated treaties and one industry initiated treaty; a comparison of the two different treaty systems; the reasons why industry initiated international treaties are the better than ICAO initiated international treaties at gathering support and adequately addressing issues; and an explanation of where ICAO’s focus should be and how ICAO and the industry can work together to better aviation as a whole and promote a safe aviation environment.

ssrn electronic journal

International Civil Aviation Organization Initiatives versus Industry Initiatives: A Look at How Commercially Motivated Transactions Increase Aviation Safety