What Is an Aircraft Bill of Sale?
An aircraft (or airplane) bill of sale refers to a legal document designed to record the transition of ownership over a plane. Aircraft bills of sale are fairly similar to documents used to sell other types of vehicles, such as automobiles or ATVs. All bills of sale must contain information about the participating sides along with a detailed description of the vehicle being sold. However, aircraft bills of sale possess a distinctive feature — they are obligatory to use whenever selling or buying an airplane.
The Federal Aviation Administration (FAA) provides clear guidance on how to register a new aircraft. According to the official Aircraft Registration Application form, you must provide a bill of sale as evidence of ownership. The full document is available here: FFA AC8050-1. Properly designing and filling in a bill of sale form is essential to ensure that the transition of ownership occurs according to the law.
Mind that an aircraft bill of sale form must be signed by both participating sides to obtain legal value. The documents must also contain personal data about a buyer and a seller, including their names, mailing addresses, and emails. Finalizing the deal would be impossible without providing a detailed description of the aircraft itself. All additional parts that are not originally supplied with the airplane must be listed separately.