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We'll start on familiar ground, with the mnemonic AROW. The letters stand for the documents that must be carried aboard an airplane. They are an airworthiness certificate, registration certificate, operating limitations, and weight and balance information.

Occurrences Requiring Notification. An aircraft accident or any of the following listed incidents occur: Flight control system malfunction or failure. Inability of any required flight crew member to perform their normal flight duties as a result of injury or illness.

The pilot-in-command of an aircraft is directly responsible for and is the final authority as to the operation of that aircraft.

The Federal Aviation Administration (FAA) requires commercial aircraft in the US to have four pieces of paperwork onboard before it can fly. These are the airworthiness certificate, registration certificate, operating manual, and weight & balance. The regulatory authorities use the acronym AROW for this requirement.

An original FAA design approval is a five-phase process in which an applicant applies for, and the FAA may issue, a type certificate or design approval of a product or a major design change to a product. A product is an aircraft, an aircraft engine or, an aircraft propeller.

Normally the aircraft purchase agreement should have at least the following: Purchase price, deposit and terms of payment. Terms of deposit, whether refundable or nonrefundable at what stage of the process. The time period provided for repurchase inspection, representation by both parties, type of inspections.