What is an aircraft bill of sale?

An airplane bill of sale is a legal document that records the private transaction of airplanes between seller and buyer. It'll include information relating to the buyer, seller, make & model, and purchase price.

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Bill of Sale for Aircraft Engine and Disclaimer of Warranties

Santa Clara California Bill of Sale for Aircraft Engine and Disclaimer of Warranties

Name: Santa Clara California Bill of Sale for Aircraft Engine and Disclaimer of Warranties
Brand: US Legal Forms
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Category:

Bills of Sale - Aircrafts

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Multi-State

County:

Santa Clara

Control #:

US-02583BG

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Description

Under the Federal Aviation Act of 1958, any conveyance that affects the title to, or any interest in, any civil aircraft of the United States must be acknowledged and recorded with the Administrator of the Federal Aviation Administration in the manner prescribed by statute. After such an instrument is recorded, it is valid as to all persons without recording and regardless of notice.

Documents relating to interests in aircraft are filed with the FAA Registry in Oklahoma City, Oklahoma. Documents must be signed in ink by the appropriate party (e.g. seller, grantor, lien claimant, etc.) or by someone on behalf of the appropriate party with a title acceptable to the FAA (President, Chief Manager etc.). The FAA Registry Examination Guidelines contain a list of titles that are acceptable to the FAA.

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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.

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.

Upon delivery of the Aircraft and payment of the balance of the purchase price in accordance with this Agreement, Seller shall execute a bill of sale granting good and marketable title to said Aircraft free and clear of all claims and encumbrances.

Immediately after you close on an aircraft sale, you should remove the Certificate of Aircraft Registration. Sometimes called the permanent registration or hard card, it is officially known as AC Form 8050-3 and should be received by the FAA within 21 days of the sale.

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.

Step 2. Filling Out the Bill of Sale Sale date. Buyer's name and postal address. Seller's name and postal address. Essential aircraft information such as its make, model, registration number, and serial number. Purchase price. Agreed delivery date. Deposit amount.

Whatever method is used to sell the aircraft there are a couple of things to do first: establish a fair market price, work up a book value and a trade value (price comparison of the same model in the aviation classifieds), decide how to market the aircraft, and decide the sale method trade, broker, dealer, or for

An airplane bill of sale is a legal document that records the private transaction of airplanes between seller and buyer. It'll include information relating to the buyer, seller, make & model, and purchase price.

Links for aircraft bill of sale and other purchasing documents Aircraft 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.

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Aircraft Co.54 A commercial airline sued the aircraft and engine manufac.

Santa Clara California Bill of Sale for Aircraft Engine and Disclaimer of Warranties

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