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Aircraft Bill of Sale AC 8050-2 Form

The Aircraft Bill of Sale AC 8050-2 form serves as a crucial document in the transfer of ownership for aircraft in the United States. This form not only provides a clear record of the transaction but also protects the interests of both the buyer and the seller. Understanding its components and significance is essential for anyone involved in aircraft transactions.

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I 589 - Applicants should review the instructions carefully before filling out the I-589.

For those needing to facilitate a property transfer, understanding the components of a proper bill of sale is crucial. You may find the necessary information in the comprehensive guide on creating a Bill of Sale at this link.

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Aircraft Bill of Sale AC 8050-2 Sample

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	N
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)

⇓ PDF File

Instructions on Utilizing Aircraft Bill of Sale AC 8050-2

Once you have gathered all necessary information, you are ready to fill out the Aircraft Bill of Sale AC 8050-2 form. Completing this form accurately is essential for the transfer of ownership of an aircraft. Follow these steps to ensure you fill it out correctly.

Obtain the form: You can find the Aircraft Bill of Sale AC 8050-2 form on the FAA website or through your local aviation authority.
Enter the date: Write the date of the sale at the top of the form.
Identify the seller: Fill in the seller's name and address in the designated section. This should include the full name and physical address.
Identify the buyer: In the next section, provide the buyer's name and address, ensuring accuracy in spelling and details.
Aircraft details: Enter the aircraft's make, model, year of manufacture, and the aircraft's serial number. This information can usually be found on the aircraft's data plate.
Sale price: Indicate the sale price of the aircraft. This is typically the amount agreed upon by both parties.
Signatures: Both the seller and the buyer must sign the form. Ensure that signatures are dated and printed names are included beneath each signature.
Witness or notary: Depending on your state’s requirements, you may need a witness or notary public to sign the form as well.

After completing the form, keep a copy for your records. The original should be submitted to the FAA for processing. This step is crucial for officially recording the change in ownership of the aircraft.

Misconceptions

The Aircraft Bill of Sale AC 8050-2 form is an important document in the aviation industry, yet several misconceptions surround its use and significance. Understanding these misconceptions can help individuals navigate the process of buying or selling an aircraft more effectively.

Misconception 1: The form is only necessary for large commercial aircraft.

This is not true. The AC 8050-2 form is required for all types of aircraft transactions, regardless of size or purpose. Whether it’s a small private plane or a large commercial jet, the form ensures that the transfer of ownership is documented properly.

Misconception 2: Once the form is filled out, it does not need to be filed anywhere.

Many people believe that simply completing the form is enough. However, the AC 8050-2 must be submitted to the Federal Aviation Administration (FAA) to officially record the change of ownership. This filing is crucial for establishing legal ownership.

Misconception 3: The form can be completed by anyone without any specific requirements.

While it is true that anyone can fill out the form, there are specific requirements for the seller and buyer. Both parties should ensure they have the necessary information, such as the aircraft's serial number and registration details, to complete the form accurately.

Misconception 4: The Aircraft Bill of Sale is the same as a sales contract.

This is a common misunderstanding. The AC 8050-2 is a formal document that serves as proof of sale, but it does not replace a sales contract. A sales contract outlines the terms and conditions of the sale, while the Bill of Sale confirms the transfer of ownership.

Misconception 5: The form does not require notarization.

Some individuals think that notarization is optional. In fact, while notarization is not always legally required, having the form notarized can add an extra layer of legitimacy and protection for both parties involved in the transaction.

Misconception 6: The AC 8050-2 is only for private sales.

This belief is incorrect. The Aircraft Bill of Sale can be used for both private and commercial sales. Whether the transaction is between individuals or businesses, the form serves the same purpose in documenting the transfer of ownership.

Documents used along the form

When purchasing or selling an aircraft, several important documents accompany the Aircraft Bill of Sale AC 8050-2. Each of these forms plays a vital role in ensuring that the transaction is legally binding and properly documented. Below are some commonly used forms that you may encounter during this process.

Aircraft Registration Application (AC Form 8050-1): This form is used to register the aircraft with the Federal Aviation Administration (FAA). It provides essential information about the aircraft, including its make, model, and serial number, and is necessary for establishing ownership.
Aircraft Eligibility Statement (AC Form 8050-2A): This document confirms that the aircraft meets the eligibility requirements for registration. It helps ensure that the aircraft is not subject to any liens or encumbrances that could affect its ownership status.
Federal Aviation Administration (FAA) Form 337: This form is used to document major repairs or alterations made to the aircraft. It is crucial for maintaining the aircraft’s airworthiness and keeping its records up to date.
Colorado Bill of Sale: A Colorado PDF Forms can provide essential templates for documenting the sale and transfer of ownership specific to Colorado regulations.
Bill of Sale for Aircraft Engines and Parts: If the sale includes engines or parts, this document is necessary to transfer ownership of those components. It ensures that all aspects of the aircraft transaction are covered and documented properly.

Having these documents ready and understanding their purpose can streamline the buying or selling process of an aircraft. Each form contributes to a transparent and efficient transaction, protecting the interests of both the buyer and the seller.