As an aircraft owner, you are probably well aware of how important it is to keep your plane register up to the date at each point. This is, after all, your official claim of ownership over the plane in question. This will also apply when you are transferring ownership of the aircraft.
Transferring Your Plane Register
The reason behind registering your plane in the first place is to make sure you can legally claim ownership over it, fly it with all the necessary permissions and regulations in place, and comfortably handle all paperwork related to it. Now, it’s important to remember what this entails. The registration itself is not tied to you but rather to the aircraft in question, which means that if you are to sell or transfer the aircraft, the registration will need to go with it. The sale in and of itself will not be enough to officialize the transfer of ownership in terms of its registration, so be sure to go through the necessary process in order to pass the aircraft registration onto the new owner. Let’s go over what that process looks like.
How to Transfer Aircraft Ownership
Do you remember when you first registered your aircraft? You had to fill out a form, specifically AC form 8050-1. Now, when transferring there is a different process. There is a specific form that you will have to submit if you are transferring ownership of the plane to someone else and that is going to be the Transfer/Exchange form. All you have to do as part of this process is provide your contact information as well as specific stats about the airplane, such as the N-number, the manufacturer, the model, and the serial number. Lastly, you will need to fill out some data about the purchase itself, including the sale price and the buyer’s information. As you can see, this is not hard, and you can find the form readily available on our website to make it all easier. You can even pay the transfer directly through our platform.
Other Uses for the Form
Now, the transfer form will not only come in useful when you are transferring full ownership. In fact, you will also need it when you are adding or removing an owner from the registration, say because of a business partnership, a marriage, or divorce proceedings. You are, after all, transferring ownership from one person to two, or vice versa, so implementing this same form makes sense. Just remember to make sure that you are filling out the form with this partial transfer in mind so that you don’t accidentally submit a full transfer.
National Aviation Center
Submitting forms to the Federal Aviation Administration can quickly become a headache given how complicated they make the whole process. However, we at the National Aviation Center want to make everything related to your plane register a lot easier for you to handle. That’s why you will find every possible form you might need here on our website. Should you need some additional help with any of it, 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.