Aircraft Bill of Sale
Understanding this form
The Aircraft Bill of Sale is a legal document used to formalize the sale and transfer of ownership of an aircraft. This form is essential for establishing proof of ownership between the seller and buyer, ensuring that all rights and interests in the aircraft are properly conveyed. Unlike other sale forms, the Aircraft Bill of Sale is specifically designed for aircraft transactions and meets federal requirements for registration with the Federal Aviation Administration (FAA).
What’s included in this form
- Seller's information, including name and signature.
- Buyer's information, ensuring it matches the name on the registration application.
- Details about the aircraft, including registration number, manufacturer, model, and serial number.
- Legal declaration of the sale, granting all rights and interests to the buyer.
- Space for witness signatures, if applicable.
When to use this form
You should use the Aircraft Bill of Sale when you are buying or selling an aircraft. It is particularly necessary when you want to register the aircraft in the buyer's name or when transferring ownership to comply with FAA regulations. This form establishes legal ownership, provides necessary documentation for registration, and is important in resolving any disputes that may arise regarding ownership.
Who this form is for
- Individuals or businesses engaged in the sale or purchase of an aircraft.
- Aircraft sellers who must document the transfer of ownership.
- Buyers seeking to establish legal ownership of an aircraft.
- Aircraft dealers managing sales on behalf of clients.
Steps to complete this form
- Identify the seller and buyer, ensuring the buyer's name matches their aircraft registration application.
- Enter the aircraft details, including registration number, manufacturer, model, and serial number.
- Specify the date of sale in the designated area.
- Have the seller sign the document in ink.
- Provide duplicates as needed for record-keeping and compliance with FAA regulations.
Notarization guidance
Notarization is generally not required for this form. However, certain states or situations might demand it. You can complete notarization online through US Legal Forms, powered by Notarize, using a verified video call available anytime.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Avoid these common issues
- Failing to enter the buyer's name correctly, which must match the registration application.
- Not including all required signatures, especially in cases of co-ownership.
- Leaving important aircraft details incomplete or incorrect.
- Not preparing the form in duplicate, which is necessary for both parties.
Benefits of using this form online
- Convenient access to legal templates for immediate use.
- Editability allows customization according to specific transaction details.
- Reliable format that ensures compliance with FAA regulations.
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FAQ
Remove 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.
You can assemble your own kit plane The certificate requires a minimum of 20 hours, five of which are solo hours. With schools typically charging between $200 and $300 an hour, you are looking at a bare minimum of $4,000 for your certificate.
Aircraft registration expires three years after an aircraft was registered or last renewed.
Registering Your Aircraft 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.
AC Form 8050-2, Aircraft Bill of Sale, meets the FAA's requirements for evidence of ownership. An AC Form 8050-2 does not need to be notarized.You can download the form and obtain instructions for completing FAA Form 8050-2 on the FAA website at www.faa.gov or from your local FSDO.
An aircraft owner may apply for registration of an unregistered aircraft under 14 C.F.R. §4731(a), by filing an Aircraft Registration Application, AC Form 8050-1, the $5.00 registration fee, and evidence of ownership (if it is not already on file at the Registry).
Because aircraft do not have certificates of title (as vehicles do), some people believe an aircraft's registration certificate provides proof of ownership.Rather it is the bill of sale that provides proof of ownership.
Registering Your Aircraft 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.
Remove 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.
