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
Wyoming 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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Upon purchasing an aircraft, you must file the aircraft bill of sale with the FAA. This document serves as proof of ownership transfer and must be submitted promptly. Additionally, you may need to provide a registration application and any other relevant paperwork associated with the aircraft.
To officially document the sale of your aircraft, you should send your aircraft bill of sale to the FAA. The correct address for submission can typically be found on the FAA's website. Ensure that you include any necessary forms and follow the submission guidelines to complete the process.
When you buy or sell an aircraft, certain changes must be reported to the FAA. You need to report any change of ownership, which involves filing the aircraft bill of sale. Additionally, if you relocate the aircraft or change its use, those changes should also be reported to comply with regulations.
Every aircraft must have specific documentation to comply with regulations. The required documents include the Airworthiness Certificate, Registration Certificate, Type Certificate, and the Logbooks for maintenance and repairs. Keeping these documents organized is vital for legal and operational purposes.
Processing registration documents related to a change in aircraft ownership averages 16 working days after their receipt. If a question remains regarding the registration status of your aircraft, you may call the Aircraft Registration Branch toll free at 1-866-762-9434.
To change the registration number of your aircraft, send a letter requesting the assignment of a different number to your aircraft. This letter must describe the aircraft by the: name of the manufacturer. model designation.
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.
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.
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...
Links for aircraft bill of sale and other purchasing documentsAircraft Bill of Sale (AC Form 8050-2)Sample Aircraft Purchase/Sales Agreement.Aircraft Registration (AC Form 8050-1) - The Aircraft Registration Application, AC Form 8050-1, is now available for download from FAA.