Selling your aircraft involves more than handing over the keys. Federal regulations demand the seller complete FAA Form 8050-2, the Bill of Sale, and file FAA Form 8050-1 to transition ownership. The seller delivers the keys and documentation to the buyer, while supplying the broker with proper Authorization paperwork. List your aircraft for sale by filling the form below.
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Yes, you can sell an aircraft. The process begins when the agent verifies your replacement aircraft priorities, then assists in assessing whether trade-in or a direct sale is the best option for you.
TsunamiAir offers the latest aircraft for sale. When you are selling an aircraft the agent works with the escrow agent to simultaneously complete transfer of funds and the aircraft at closing, assuring the transaction closes cleanly.
To sell an airplane, begin by assembling every logbook, bill of sale, and STC so you will need to supply the buyer and broker of the sale with proper documentation. Keep the aircraft's original number and the transfer of ownership will be much easier. Next, treat the appraisal as a pre-buy: seller completes thorough inspection of aircraft interior, exterior, prop, engine, and will examine the avionics. With the logbooks and fresh squawk list in hand, involving an experienced broker in the process, Tsunami Air has a simple eight-step process that begins when TsunamiAIr will post your first ad for free. The broker fields inquiries, negotiates terms, and escrows funds while you schedule the final conformity inspection. When the buyer accepts, the FAA registry is updated and you release the keys.
Before you offer a small airplane to the market, you remove personal items or additional installations that you do not intend to sell, and you complete a thorough inspection of the aircraft interior.
The best place to sell an airplane begins with listing on TsunamiAir.com. Tsunami Air is your number one source for all things aviation and allows you to browse thousands of new and used listings for sale nationwide.
Seitz Aviation markets aircraft domestically and internationally across the aviation industry's most effective outlets: Aircraft For Sale/Flying Magazine Group, Trade A Plane, Facebook, Barnstormers, and brokerage networks. AircraftForSale.com reaches qualified buyers and offers a quick and easy listing process. AvBuyer.com reaches a niche audience including end clients and the trade and is the best-dedicated source for corporate aviation content.
For owners who wish to sell an airplane for cash, BAS Part Sales buys unsafe-to-fly planes and helps you get rid of storage bills and earn money. Airmart can help find the right buyer and has over 50 years of experience in the business. Flightline Group provides strategic marketing to reach serious buyers, offers pre-screening and negotiation, supplies real-time market analysis, and provides post-sale support so that you close in the best zone.
The seller must provide all warranties, maintenance records, AD compliance, certificates, weight-and-balance data, and logbooks to the buyer. FAA Form 8050-2, titled Bill of Sale, records the ownership transfer and is filled out in duplicate (two originals), signed in ink, and the purchaser's name must exactly match the buyer's intended registration application. Both originals are given to the buyer: one is paired with Form 8050-1 (Aircraft Registration Application) and mailed to the FAA Aircraft Registration Branch in Oklahoma City, OK 73125-0504, while the photocopy stays in the airplane until the FAA issues the new Certificate of Registration. The seller removes the current registration certificate and any FCC radio-station license bearing the seller's name, completes the sale section on the back of the existing registration, and makes a dated and signed logbook entry confirming the transfer.
Yes, it is possible to buy an airplane. The actual acquisition of an airplane is simple and the process is made easier if you use an escrow agent. Yet purchasing an airplane is a big investment of time and money. A new general-aviation jet will cost you at least $1 million and the cost of owning an aircraft has never been cheap and is not likely to decline. Because the purchase of an aircraft is a major commitment that must be carefully contemplated, first-time buyers need to realize that they are generally buying a very expensive asset on an 'as-is, where-is' basis. To prove intent to buy an airplane, a pre-approval letter is highly recommended. AOPA recommends that a buyer take steps before seriously contemplating a purchase, including a pre-buy inspection that gives you the chance to research and investigate every attribute of your potential investment. Buying an aircraft internationally results in buying an aircraft that does not have the records or approved equipment to register the aircraft in the United States. Cashier's check is the preferred payment method for an aircraft purchase.
Buying an airplane is feasible, yet it is a procedure that requires financial funding and deliberate preparation. The industry for aircraft extends from small single-engine piston airplanes to big industry planes, so an alternative exists for several budgets and uses. The venture incorporates purchase cost, enrollment admission charge, and levies, while the actual expense lies in hangar or tie-down fixed costs, upkeep, gas, and policy. These repetitive expenses can be considerable and need long-term fiscal dedication.
