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

Wayne Michigan Bill of Sale for Aircraft Engine and Disclaimer of Warranties

Name: Wayne Michigan Bill of Sale for Aircraft Engine and Disclaimer of Warranties
Brand: US Legal Forms
Rating: 4.57 (470 reviews)

Category:

Bills of Sale - Aircrafts

State:

Multi-State

County:

Wayne

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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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.

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.

Arrival of registration documents in the Registry enables confirmation that application for registration has been made and temporary (pink-copy) operating authority is in effect. Processing registration documents related to a change in aircraft ownership averages 16 working days after their receipt.

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

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.

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.

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.

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Wayne Michigan Bill of Sale for Aircraft Engine and Disclaimer of Warranties

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