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Also known as Form AC 8050-2, an aircraft bill of sale is required by the Federal Aviation Administration (FAA) when buying and/or selling an aircraft. This form includes important information about the buyer, seller, and transaction details.
For the purpose of registration, the ?Bill of Sale? is the document used by the FAA to confirm that the applicant is the registered owner.
The Bill of Sale must be filled out in duplicate (two originals). Both originals of the Bill of Sale go to the buyer - one is paired with the registration to go to the FAA, and the buyer keeps the other. The seller should make a photocopy, if he desires to keep a record.
Registering Your Aircraft To register an aircraft send the following to the Aircraft Registration Branch: an Aircraft Registration Application, AC Form 8050-1. evidence of ownership (such as one or more bills of sale) the $5.00 registration fee made payable to the Federal Aviation Administration.
ANSWER: Evidence of ownership can be shown on an AC Form 8050-2, Aircraft Bill of Sale, or similarly worded document. For the purpose of registration, the ?Bill of Sale? is the document used by the FAA to confirm that the applicant is the registered owner.
Aircraft don't have physical titles. The title really consists of a digital record found at the FAA Aircraft Registry. Powell has a desk at the FAA, and has for a very very long time. We are linked to the FAA's system and view records this way.
During the actual transfer (sale) of your airplane, you'll take your Form 8050-1 registration out of the aircraft and complete the sale section on the back of the Form 8050-1 registration document. As the seller, it is also your responsibility to complete an FAA Form 8050-2, otherwise known as a Bill of Sale.