Homepage Attorney-Approved Bill of Sale Template Get Aircraft Bill of Sale AC 8050-2 Form in PDF
Article Map

The Aircraft Bill of Sale AC 8050-2 form serves as a crucial document in the world of aviation transactions, providing a clear and legally recognized record of the transfer of ownership for aircraft. This form is essential not only for the buyer and seller but also for various regulatory bodies that oversee aircraft registration and compliance. It captures vital information, including the details of the aircraft such as its make, model, and serial number, as well as the identities of the parties involved in the sale. Additionally, the form requires signatures from both the seller and the buyer, affirming their agreement to the terms of the sale. By completing this form, parties ensure that the transaction is documented appropriately, which is vital for establishing legal ownership and facilitating future transactions. Furthermore, the AC 8050-2 form plays a significant role in the registration process with the Federal Aviation Administration (FAA), as it must be submitted alongside other necessary documentation to officially record the change in ownership. In essence, this form not only simplifies the sale process but also provides a framework for accountability and transparency in aircraft ownership transfers.

Dos and Don'ts

When filling out the Aircraft Bill of Sale AC 8050-2 form, it’s important to follow certain guidelines to ensure accuracy and compliance. Here’s a list of things you should and shouldn’t do:

  • Do ensure all information is accurate and complete. Double-check names, addresses, and aircraft details.
  • Do use black or blue ink to fill out the form. This helps with legibility and processing.
  • Do include the correct date of sale. This is crucial for record-keeping and legal purposes.
  • Do sign the form where indicated. Both the seller and buyer must provide their signatures.
  • Do keep a copy of the completed form for your records. This can be useful for future reference.
  • Don’t leave any fields blank. If a section does not apply, write "N/A" to indicate it was considered.
  • Don’t use pencil or any other color of ink. This can lead to issues with readability.
  • Don’t forget to provide the aircraft's serial number. This is a key identifier.
  • Don’t alter the form in any way. Any changes could render the document invalid.
  • Don’t submit the form without verifying all signatures. Incomplete signatures can cause delays.

Document Attributes

Fact Name Description
Purpose The Aircraft Bill of Sale AC 8050-2 form is used to document the sale of an aircraft, providing proof of ownership transfer.
Governing Law This form is governed by federal law, specifically the Federal Aviation Administration (FAA) regulations.
Signature Requirement The form must be signed by both the seller and the buyer to be valid.
Filing Once completed, the form should be filed with the FAA to officially record the change of ownership.
Form Availability The AC 8050-2 form is available for download from the FAA’s official website.
State-Specific Forms Some states may have additional requirements or specific forms that must be completed alongside the AC 8050-2.

Key takeaways

When filling out and using the Aircraft Bill of Sale AC 8050-2 form, keep the following key points in mind:

  1. Accurate Information: Ensure all details about the aircraft, including the make, model, and serial number, are correct.
  2. Signatures Required: Both the seller and buyer must sign the form for it to be valid.
  3. Notarization: While notarization is not mandatory, it can add an extra layer of authenticity to the transaction.
  4. Transfer of Ownership: The form serves as proof of the transfer of ownership, so keep it in a safe place.
  5. Filing with the FAA: Submit the completed form to the Federal Aviation Administration (FAA) to officially record the change in ownership.
  6. Keep Copies: Make copies of the signed form for both the buyer and seller for their records.
  7. Check for Liens: Before completing the sale, verify that there are no outstanding liens on the aircraft.
  8. Consult Professionals: Consider seeking advice from a legal or aviation professional if you have questions about the process.

Example - Aircraft Bill of Sale AC 8050-2 Form

OMB Control No. 2120-0042

Exp. 03/31/2024

PRA Public Burden Statement: A federal agency may not conduct or sponsor, and a person is not required to respond to, nor shall a person be subject to a penalty for failure to comply with a collection of information subject to the requirements of the Paperwork Reduction Act unless that collection of information displays a currently valid OMB Control Number. The OMB Control Number for this information collection is 2120-0042. Public reporting for this collection of information is estimated to be approximately 30 minutes per response, including the time for reviewing instructions, searching existing data sources, gathering and maintaining the data needed, completing and reviewing the collection of information. All responses to this collection of information are required to show evidence of ownership to register an aircraft or hold an aircraft in trust in accordance with 14 CFR Part 47. Send comments regarding this burden estimate or any other aspect of this collection of information, including suggestions for reducing this burden to: Information Collection Clearance Officer, Federal Aviation Administration, 10101 Hillwood Parkway, Fort Worth, TX 76177-1524.

AIRCRAFT BILL OF SALE INFORMATION

PREPARATION: Prepare this form in duplicate. Except for signatures, all data should be type-

written or printed. Signatures must be in ink. The name of the purchaser must be identical to the name of the applicant shown on the Aircraft Registration Application, AC Form 8050-1.

When a trade name is shown as the purchaser or seller, the name of the individual owner or co-owners must be shown along with the trade name.

If the aircraft was not purchased from the last registered owner, conveyances must be submitted completing the chain of ownership from the last registered owner, through all intervening owners, to the applicant.

REGISTRATION AND RECORDING FEES: The fee for issuing a certificate of aircraft registration is $5.00. An additional fee of $5.00 is required when a conditional sales contract is submitted in lieu of bill of sale as evidence of ownership along with the application for aircraft registration ($5.00 for the issuance of the certificate, and $5.00 for recording the lien evidenced by the contract). The fee for recording a conveyance is $5.00 for each eligible piece of collateral listed thereon. (There is no fee for issuing a certificate of aircraft registration to a governmental unit or for recording a bill of sale that accompanies an application for aircraft registration and the proper registration fee.)

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.

AC Form 8050-2 (04/21)

UNITED STATES OF AMERICA

 

OMB Control No. 2120-0042

U.S. DEPARTMENT OF TRANSPORTATION FEDERAL AVIATION ADMINISTRATION

Exp. 03/31/2024

 

AIRCRAFT BILL OF SALE

 

 

FOR AND IN CONSIDERATION OF $

THE

 

UNDERSIGNED OWNER(S) OF THE FULL LEGAL AND

 

BENEFICIAL TITLE OF THE AIRCRAFT DESCRIBED

 

AS FOLLOWS:

 

 

 

UNITED STATES

N

 

 

REGISTRATION NUMBER

 

 

AIRCRAFT MANUFACTURER & MODEL

 

 

 

 

 

 

AIRCRAFT SERIAL NO.

 

 

 

 

 

 

 

DOES THIS

DAY OF

,

 

HEREBY SELL, GRANT, TRANSFER AND

 

 

DELIVER ALL RIGHTS, TITLE, AND INTERESTS

 

 

IN AND TO SUCH AIRCRAFT UNTO:

 

Do Not Write In This Block

 

 

 

FOR FAA USE ONLY

 

NAME AND ADDRESS

 

(IF INDIVIDUAL(S), GIVE LAST NAME, FIRST NAME, AND MIDDLE INITIAL.)

 

DEALER CERTIFICATE NUMBER

AND TO

EXECUTORS, ADMINISTRATORS, AND ASSIGNS TO HAVE AND TO HOLD

SINGULARLY THE SAID AIRCRAFT FOREVER, AND WARRANTS THE TITLE THEREOF:

IN TESTIMONY WHEREOF

HAVE SET

HAND AND SEAL THIS

DAY OF

 

NAME(S) OF SELLER

SIGNATURE(S)

TITLE

 

(TYPED OR PRINTED)

 

(IN INK) (IF EXECUTED FOR

(TYPED OR PRINTED)

 

 

CO-OWNERSHIP, ALL MUST SIGN.)

 

 

 

 

 

SELLER

 

 

 

 

 

 

 

 

 

 

 

 

ACKNOWLEDGMENT (NOT REQUIRED FOR PURPOSES OF FAA RECORDING: HOWEVER, MAY BE REQUIRED BY LOCAL LAW FOR VALIDITY OF THE INSTRUMENT.)

ORIGINAL: TO FAA:

AC Form 8050-2 (04/21)

OMB Control No. 2120-0042

Exp. 03/31/2024

PRIVACY ACT OF 1974 (PL 93-579) requires that users of this form be informed of the authority which allows the solicitation of the information and whether disclosure of such information is mandatory or voluntary; the principal purpose for which the information is intended to be used; the routine uses which may be made of the information gathered; and the effects, if any, of not providing all or any part of the requested information.

Title 49 U.S.C. 44101 requires the registration of each United State civil aircraft as a prerequisite to its operation. The applicant for registration must submit evidence of ownership that meets the requirements prescribed in Part 47 of the Federal Aviation Regulations.

This form identifies the aircraft being purchased, and provides space for purchaser and seller identification and signature. This is intended only to be a suggested bill of sale form which meets the recording requirements of the Federal Aviation Act, and the regulations issued thereunder. In addition to these requirements, the form of bill of sale should be drafted in accordance with the pertinent provisions of local statutes and other applicable federal statutes.

The following routine uses are made of the information gathered:

(1)To support investigative efforts of investigation and law enforcement agencies of Federal, state, and foreign governments.

(2)To serve as a repository of legal documents used by individuals and title search companies to determine the ownership of an aircraft for registration purposes.

(3)To provide aircraft owners and operators information about potential mechanical defects or unsafe conditions of their aircraft in the form of airworthiness directives.

(4)To provide supporting information in court cases.

(5)To serve as a data source for management information for production of summary descriptive statistics and analytical studies in support of agency functions for which the records are collected and maintained.

(6)To respond to general requests from the aviation community or the public for statistical information under the Freedom of Information Act or to locate specific individuals or specific aircraft for accident investigation, violation, or other safety related requirements.

(7)To provide data for the automated aircraft registration master file.

(8)To provide documents for development of the aircraft registration statistical system.

(9)To prepare an aircraft register in electronic media as required by ICAO agreement containing information on aircraft owners by name, address, N-Number, and type aircraft, used for internal FAA safety program purposes and also available to the public (individuals, aviation organizations, direct mail advertisers, state and local governments, etc.) upon payment of applicable user charges reimbursing the Federal Government for its costs.

(10)The aircraft records maintained by the FAA Aircraft Registry are public records and are open for inspection in room 122 of the Registry Building, Mike Monroney Aeronautical Center, 6425 S. Denning, Oklahoma City, Oklahoma 73169. Individuals interested in such information may make a personal search of the records or may avail themselves of the services of a company or an attorney.

AC Form 8050-2 (04/21)

Detailed Instructions for Writing Aircraft Bill of Sale AC 8050-2

After completing the Aircraft Bill of Sale AC 8050-2 form, you will need to ensure that all required signatures are present and that the document is submitted to the appropriate authorities for processing. This form serves as an important record of the transfer of ownership for an aircraft.

  1. Obtain the Aircraft Bill of Sale AC 8050-2 form. This can be downloaded from the FAA website or obtained from a certified aviation organization.
  2. Fill in the date of the sale at the top of the form.
  3. Enter the name and address of the seller in the designated fields.
  4. Provide the name and address of the buyer in the appropriate sections.
  5. Specify the aircraft details, including the make, model, and serial number. Ensure accuracy to avoid future issues.
  6. Indicate the purchase price of the aircraft clearly.
  7. Both the seller and buyer must sign the form in the designated areas. Ensure signatures are dated.
  8. If applicable, include any additional information or terms related to the sale in the provided section.
  9. Review the completed form for accuracy and completeness before submission.
  10. Submit the form to the FAA along with any required fees or additional documentation.

Documents used along the form

The Aircraft Bill of Sale AC 8050-2 form is a key document in the transfer of ownership for an aircraft. Several other forms and documents are often used alongside it to ensure a smooth and legally compliant transaction. Below is a list of these documents, each serving a specific purpose in the process.

  • Aircraft Registration Application (AC 8050-1): This form is required to register the aircraft with the Federal Aviation Administration (FAA). It provides essential details about the aircraft and its new owner.
  • Eligibility Statement for U.S. Registration (AC 8050-2): This document confirms that the aircraft meets the eligibility requirements for U.S. registration, ensuring compliance with federal regulations.
  • Aircraft Maintenance Records: These records document the maintenance history of the aircraft. They are crucial for verifying that the aircraft is airworthy and has been properly maintained.
  • Aircraft Title Search Report: This report reveals any liens or claims against the aircraft's title. It is important for ensuring that the seller has clear ownership before the sale.
  • Bill of Sale for Aircraft Parts (if applicable): If any parts or components are sold separately from the aircraft, this document outlines the sale and transfer of ownership for those parts.
  • Texas Bill of Sale: This legal document is essential for transferring ownership of personal property and can be acquired through Texas Forms Online.
  • Aircraft Insurance Policy: Proof of insurance is often required before the transfer is finalized. This document ensures that the aircraft is covered against potential risks.

These documents help facilitate a clear and efficient transfer of ownership. Ensuring that all necessary forms are completed and submitted will contribute to a successful transaction.