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An aircraft bill of sale is a document that records the transfer of ownership of an aircraft, such as airplanes, helicopters, airships, gliders, and hot air balloons, from a seller to a buyer. It is required by the Federal Aviation Administration (FAA) for the registration process and serves as a guarantee for both parties. The official form, known as AC 8050-2, can be found on the FAA's website. For buyers, it ensures that the sale is secure and provides the necessary information for registration. For sellers, it ensures receipt of payment, especially if the transaction involves installments, thus protecting their interests in the sale.