Form 8050-2: How to fill out aircraft FAA bill of sale.

Learn how to fill out an aircraft bill of sale form for a smooth transaction.

Whether you’re an aspiring pilot or the manager of a large company’s aircraft fleet, you may need to purchase or sell one or more aircraft (airplanes) during your career. However, not only do you need to navigate the transition with the buyer or seller, but the process also involves an extra step: an FAA bill of sale.

What is an aircraft bill of sale Form 8050-2?

The Federal Aviation Administration (FAA) requires an aircraft bill of sale, also known as Form AC 8050-2, when buying and selling aircraft. This form includes important information about the buyer, seller, and transaction details.

For the buyer, the document is vital in registering the aircraft with the FAA and is also used for insurance purposes.

For the seller, the document indicates that another entity has possession of the aircraft and that the seller is no longer legally responsible for the aircraft.

Learn more: Where to get a bill of sale form?

If you’re buying or selling an aircraft, it’s smart to have a thorough bill of sale form. Learn how to make one and what to include by following these simple steps.

1. Import the aircraft bill of sale form.
2. Fill out the bill of sale accurately and completely.
3. Have the buyer and seller sign the aircraft bill of sale.

Step 1: Import the aircraft bill of sale Form AC 8050-2.

Download form AC 8050-2 from the FAA’s website to serve as your aircraft bill of sale. Once downloaded, use versatile, secure e-signature software to import the document, complete it, and ready it for signing.

Step 2: Fill out aircraft bill of sale accurately and completely.

An aircraft bill of sale has several fields, all of which need to be accurately filled out. You’ll need:

• The aircraft’s purchase price
• The aircraft’s registration number, manufacturer, model, and serial number
• Contact information for the purchaser (i.e. buyer), including dealer certificate number
• Contact information for all involved sellers

Additionally, a buyer and seller may include other documents outlining the terms of the transaction. For example, a seller may attach a document that describes the condition of the aircraft upon purchase or outlines aircraft service and maintenance information.

Step 3: Have buyer and seller sign the aircraft bill of sale.

With software like Adobe Acrobat, it’s easy to get your bill of sale form signed. After you’ve created your document, simply follow these steps:

• Navigate to the dashboard and select Request Signatures.
• Enter the buyer’s email address and write them a message (if needed).
• Click Add Files and select the aircraft bill of sale form.

Information required to fill out aircraft bill of sale.

Gathering the correct information should be taken as seriously as any other time you create a contract between two parties.

The following information and resources are required as part of a bill of sale transaction:

• Airplane history and selling price
• Aircraft registration application document (AC Form 8050-1)
• FAA bill of sale document (AC Form 8050-2)
• Aircraft registration
• Release of lien, if applicable
• Registration fee

Make a duplicate of your FAA aircraft bill of sale form.

For an FAA bill of sale to be legally binding, the seller must complete two original bill of sale forms. If you are the seller, be sure to make a copy of the form for your records. Both forms go to the buyer, who must send one of the originals to the FAA.

Once completed, the secure aircraft bill of sale is ready to send to the buyer.

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