Download Aircraft Bill of Sale AC 8050-2 Form

When filling out the Aircraft Bill of Sale AC 8050-2 form, attention to detail is essential. This document serves as a legal record of the sale and transfer of ownership of an aircraft. Here are seven important dos and don'ts to keep in mind.

• Do ensure all information is accurate and complete. Double-check the names, addresses, and aircraft details.
• Do sign and date the form in the appropriate sections. Both the seller and buyer must provide their signatures.
• Do use blue or black ink for clarity. This helps maintain the form’s legibility when processed.
• Do keep a copy of the completed form for your records. This serves as proof of the transaction.
• Don't leave any required fields blank. Incomplete forms may be rejected or cause delays in processing.
• Don't use white-out or correction fluid on the form. Mistakes should be crossed out and initialed instead.
• Don't forget to include any additional documents required for the sale. This may include a bill of sale for equipment or modifications.

What is the Aircraft Bill of Sale AC 8050-2 form?

The Aircraft Bill of Sale AC 8050-2 form is a legal document used to transfer ownership of an aircraft from one party to another. This form serves as proof of the sale and establishes the new owner's rights to the aircraft. It is essential for registering the aircraft with the Federal Aviation Administration (FAA).

Who needs to fill out the AC 8050-2 form?

Both the seller and the buyer of the aircraft need to fill out the AC 8050-2 form. The seller must provide information about the aircraft and confirm the sale, while the buyer must acknowledge the purchase and agree to the terms outlined in the document. Proper completion of this form is crucial for a smooth transfer of ownership.

What information is required on the form?

The AC 8050-2 form requires specific details, including the names and addresses of both the seller and buyer, the aircraft's make, model, and serial number, and the purchase price. Additionally, both parties must sign and date the form to validate the transaction.

Is the AC 8050-2 form mandatory for all aircraft sales?

While the AC 8050-2 form is not legally required for all aircraft sales, it is highly recommended. Using this form helps ensure that the transfer of ownership is documented properly, which is important for future registration and potential legal matters.

Where can I obtain the AC 8050-2 form?

The Aircraft Bill of Sale AC 8050-2 form can be obtained directly from the FAA's website or through various aviation-related organizations. It is also available at some aviation supply stores. Ensure you are using the most current version of the form to avoid any issues.

How do I submit the completed form?

Once the AC 8050-2 form is completed and signed by both parties, it should be submitted to the FAA along with any required fees for the registration of the aircraft. It is advisable to keep copies of the completed form for your records.

What happens if the form is not completed correctly?

If the AC 8050-2 form is not filled out correctly, it may lead to delays in the registration process or complications with the transfer of ownership. It is essential to review the form carefully before submission to ensure all information is accurate and complete.

Can I use the AC 8050-2 form for a partial sale of an aircraft?

The AC 8050-2 form is intended for full ownership transfers. If you are looking to sell only a portion of the aircraft, it is recommended to consult with a legal professional to determine the best course of action and to create a suitable agreement for the partial sale.

Is there a fee associated with the AC 8050-2 form?

There is no fee specifically for completing the AC 8050-2 form itself. However, there may be fees associated with the registration process with the FAA after submitting the form. It is important to check the FAA's fee schedule for any applicable charges.