In the absence of controlling legislation at the local, state, or federal level, contracts relating to aviation are governed by the rules and requirements pertinent to such agreements generally. However, the Federal Aviation Act of 1958 provides in detail for the regulation and control of aviation in the United States
Missouri Contract for the Sale and Purchase of an Aircraft with a Bill of Sale Attached as an Exhibit
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How to fill out Contract For The Sale And Purchase Of An Aircraft With A Bill Of Sale Attached As An Exhibit?
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FAQ
You should have several key documents in your aircraft at all times. These include the aircraft registration certificate, the airworthiness certificate, the operating limitations, and the bill of sale. Having these documents readily available not only ensures compliance with regulations but also enhances safety and accountability during flights.
10 tips for first-time buyersConsider why you want to own an airplane.Look in your logbook and see what kind of flying you do or plan to do.Start simple.Set a budget for what you can afford each month and stick to it.Add 25 percent to that budget for unexpected maintenance costs.More items...?
Form AC 8050-2 - AIRCRAFT BILL OF SALE.
MAILING INSTRUCTIONS: If this form is used, please mail the original or copy which has been signed in ink to FAA Aircraft Registration Branch, P.O. Box 25504, Oklahoma City, OK 73125-0504.
The Federal Aviation Administration accepts documents containing digital signatures by email. The documents may be submitted electronically as an attachment to an email at 9-avs-ar-electronic-submittals@faa.gov. Documents signed in ink must be submitted by U.S. Post Office or commercial delivery services.
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.
Aircraft TransferRemove the original aircraft registration certificate with the owner's name on it from the aircraft.Remove any FCC radio station license with your name on it (if there is one).Provide all logbooks and records on the aircraft (as agreed upon) to the buyer.More items...
You will need to fill out FAA Form 8050-2 and you will need a bill of sale. There may be some State forms required, depending upon your state. Get a copy of a purchase agreement in advance and modify it to suit your own needs. You may be able to download one from the internet that you can modify to suit your needs.
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.
Forms for Buying and Selling AircraftAircraft Registration (AC Form 8050-1)Aircraft Bill of Sale (AC Form 8050-2)8050-3- Current registration in aircraft, back filled out, signed and sent into FAA.Information if registering aircraft in an LLC.Sample Aircraft Purchase/Sales Agreement.More items...