Do airplanes have ownership titles?

An aircraft may be registered only by and in the legal name of its owner. 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)

How do you transfer ownership of an aircraft?

Aircraft Transfer 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.

How long does it take to transfer aircraft registration?

Aircraft registration processing takes between 16 and 20 working days from the day the documents are received in the Aircraft Registration Branch.

How does aircraft co-ownership work?

Through a co-ownership structure, multiple companies are able to share in ownership of an aircraft. When operating the aircraft, each co-owner is responsible for providing flight crew. The crew can be provided by the co-owner independently or through a management company.

How do you add an owner to an aircraft?

Fortunately, the process is fairly simple: The registered owner drafts a bill of sale (FAA form 8050-2) with his/her name as the seller; he or she is also listed as a purchaser and the new party is listed as a purchaser. A registration application (FAA form 8050-1) is then drafted listing both as co-owners.

Is aircraft registration proof of ownership?

Because aircraft do not have certificates of title (as vehicles do), some people believe an aircraft's registration certificate provides proof of ownership. This is not true, ing to Kenneth Mayfield, vice president and general counsel of Aero Records & Title Company in Oklahoma City.

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