Whatever your reasons may be for getting rid of your plane, when you do decide to sell or transfer ownership, you want to make sure that you let the FAA know that you are making this change. To change the ownership or trust of an already N-registered aircraft is done in a few days. ANSWER: The following statement is on the airworthiness certificate: “this airworthiness certificate is effective as long as the maintenance, preventive maintenance and alterations are performed in accordance with Parts 21, 43, and 91 of the Federal Aviation Regulations as appropriate and the aircraft is registered in … Part 145 prescribes that the FAA must approve, in writing, any change of a repair station location, housing, or facilities. 2. ANSWER: The transfer procedures are similar to that of a Type Certificate. Questions as to flight and scheduling limitations, maintenance funding, and what to do when an owner wants to sell are always hot … The language can be unclear, you often must follow multiple links, and then there is the problem of the form itself. Filing. Before you know it, your transaction is completed, thanks to our assistance. C. Transfer of a Part 145 Certificate from One Responsible Flight Standards Office to Another. Risks are involved when you have to conduct information this way, and if you make any mistakes with paperwork, the FAA will return everything to you to fix the errors and then resubmit, delaying things further for you. . (1) That the above aircraft is owned by the undersigned applicant who either is a citizen (including corporations) of the United StatesOR meets the aircraft registration citizenship requirements of 14 CFR Part 47 as: (CHECK AND COMPLETE a, b, or c), (2) That the aircraft is not registered under the laws of any foreign country; and. Aircraft Registration (AC Form 8050-1) - The Aircraft Registration Application, AC Form 8050-1, is now available for download from FAA. Many owners get frustrated when they must do this because maneuvering around the FAA website is not always the easiest thing to do. (See the sample aircraft registration application.) This form’s purpose is to officially transfer the ownership, registration, and property of the aircraft in question to another person, whether that means partial or full ownership. Aircraft Owned under a Personal or Family Trust You can register an aircraft to a single applicant as trustee, or to several applicants as co-trustees. FAA Aviation Trust-USA Re-registration, or change from your current Register to the FAA-Register. OREGON AIRCRAFT OWNERSHIP TRANSFER (one aircraft per form) COMPANY NAME POINT OF CONTACT LAST FIRST MI DATE OR BIRTH FAA PILOT NO. One of the most common forms we help people with here at the National Aviation Center is a plane transfer of ownership. no one can profit from the ownership transfer). You must provide them with the Here at the National Aviation Center, we can assist you with your need for the aircraft transfer of ownership forms. You want to be sure you record the transfer so that records can be transferred to the ownership and you will not be responsible for the aircraft anymore should liens occur or the FAA needs to contact ownership. FAA transfer of ownership and plane exchange of ownership service. 49 USCS 1403. The beneficial ownership is not changed (i.e. The FAA estimates that approximately one-third of the 357,000 registered aircraft records it maintains are inaccurate and that many aircraft associated with those records are likely ineligible for United States registration. Once we receive everything, we make sure it is correct before it ever gets to the FAA, so there will be no delays for you. The purcha… When Do You Reinstate Airplane Registration Instead of Renewing it? You can click the link, and the form pops open right away. A transfer of equitable interest under a contract of conditional sale or lease with a purchase option, previously recorded with the FAA Aircraft Registry, shall be executed by the original conditional buyer (or their assignee) and the seller under the contract of conditional sale (or their assignee) to show consent to the transfer. It is the responsibility of the buyer to make sure the plans are with the flying aircraft at all … You can click the link, and the form pops open right away. However, the seller of an aircraft has some regulatory requirements that may be easy to miss regarding the registration of the aircraft itself and sometimes of the Emergency Locator Transmitter (ELT). You need to submit a written notification to the FAA Aircraft Certification Office (ACO) of your intentions to sell the STC. Short answer: It is much less and FAA issue than a state law issue. Buying and selling a plane which is fully registered with the FAA is usually much easier than for those planes which are not on the aircraft database. To create an FAA aircraft owner trust , the trust beneficiary must transfer legal title to Aviation Trust Company, which qualifies as a citizen of the United States of America. Call us at at (800) 357-0893 or email us at … Our website uses the best technology and encryption, so you know your data is safe with us. Best of all, you can fill it out right on your screen and send everything to us electronically, including supporting paperwork and payment information. Enter "his", "her" or "their", depending on the gender of the Purchaser, or if there is more than one named Purchaser. Best of all, you can fill it out right on your screen and send everything to us electronically, including supporting paperwork and payment information. How Does a Plane Transfer of Ownership Work? This also means that should the aircraft switch owners, you will need to register that as well. you will need to access the proper documents from the FAA. Once we receive everything, we make sure it is correct before it ever gets to the FAA, so there will be no delays for you. In most states, a co-ownership arrangement is presumed to be a tenancy in common and will only be considered a joint tenancy if that provision is explicitly created. Filing aircraft transfer of ownership forms is a crucial step that you do not want to overlook. Perhaps your business no longer needs the aircraft you have and you want to sell it. FAA Aircraft Registration When it comes to your FAA aircraft registration, you don’t want to take any chances. An FAA Exchange of Ownership is Needed for Aircraft Owner Transfers When you get a new aircraft, you have to register it under your name at the Federal Aviation Administration just like you would a car at the DMV. Many owners get frustrated when they must do this because maneuvering around the FAA website is not always the easiest thing to do. This is the aircraft transfer of ownership form which informs the Federal Aviation Administration about the change in the … The transfer from your current register to the Risks are involved when you have to conduct information this way, and if you make any mistakes with paperwork, the FAA will return everything to you to fix the errors and then resubmit, delaying things further for you. 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