As you know, your aircraft registration is tied to, well, the aircraft. It is what ties you, the owner, to it, sure, but should the plane change hands the registration is going along with it. This means that you need to do a plane transfer through the Federal Aviation Administration to make sure the registry reflects the changes in ownership.
Filing a Transfer of Ownership
If you are, for example, selling your airplane to someone else, you might think that the sale itself is enough to make it official. However, since the airplane is registered with the Federal Aviation Administration, any changes to its ownership first need to go through an official transfer process. To make sure you’re doing this properly, let’s take a closer look at the different circumstances in which you might need to file for a transfer.
The more evident situation in which you’re going to need the forms for a plane transfer is when you’re selling the plane. You will need to fill out and submit this form whenever you are passing on the ownership of the aircraft as part of a sale, an exchange, or an inheritance procedure. This way, the existing registration of the aircraft in question is not deleted and is instead transferred to the new owner for their convenience and ease of use. This will be the most common use for the form given how many planes get transferred to new owners. Please note that the person in charge of filling out the form will be the current owner, not the new one, since they are the ones with the power to transfer their claim over the airplane.
Making Ownership Changes
Of course, a full transfer of ownership won’t be the only situation in which you need to submit one of these transfer forms. You will also need to make use of this when you are either adding an owner or removing them from the registration. In cases of shared ownership, changes to the owner roster need to be made by way of an official procedure. Say, for example, that you got married or entered a business partnership. In these cases, you might end up wanting to add an owner to the aircraft in order to share the ownership for tax or financial purposes. The same form will apply when you are removing an owner, say, during divorce proceedings or partnership dissolutions.
Plane Transfer Forms
Whether you are transferring an airplane or merely making a change to the ownership details, you are going to need to submit some forms. You could do this through the Federal Aviation Administration, but you can also avoid the bureaucracy and complications of this by trusting our platform here at the National Aviation Administration. You will find the forms related to the plane transfer, as well as all others. And, should you need some additional help with submitting your form, don’t hesitate to use our website chat, fill out our contact form, or give us a call at 1-800-357-0893 and we’ll answer your questions in no time.