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Form 027 Part 2 - New aircraft owner to become registration holder

Form 027 Part 2 - New aircraft owner to become registration holder 2025

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4.2 out of 5

59 votes

The document is an application form for new aircraft owners to become the registration holder. It outlines the process, requirements, and necessary documentation needed to complete the application within 28 days of asset transfer. The form emphasizes the importance of providing accurate information, proof of eligibility, and compliance with privacy regulations. Failure to submit the form on time may result in suspension of aircraft registration.

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Versions	Form popularity	Fillable & printable
2020	4.8 Satisfied (45 Votes)
2019	4.2 Satisfied (59 Votes)
2012	4.3 Satisfied (165 Votes)

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

When a new aircrafts owner received the aircraft, what should the owner do?

The first thing a first-time aircraft owner must do is register the aircraft in his name with the FAA. FAR 47.31 states no one can operate an aircraft until its registered.

What proves ownership of an aircraft?

ANSWER: Evidence of ownership can be shown on an AC Form 8050-2, Aircraft Bill of Sale, or similarly worded document. For the purpose of registration, the Bill of Sale is the document used by the FAA to confirm that the applicant is the registered owner.

What is the new aircraft registration rule?

Elimination of Original Document Requirement The new rule allows: Submission of photocopies or digital images instead of originals. Electronic submission through the Civil Aviation Registry Electronic Services (CARES) system. Reduced risk of document loss or damage.

How do I add a person to an aircraft registration?

A: First, the form block titled Type of Registration must be checked at the box labeled Co-owner. Then all of the co-owners names must appear in the block titled Name of Applicant. If co-owners are added or deleted, the registration must be amended to reflect the names of the new aircraft owners.

How does aircraft co-ownership work?

The concept of co-ownership is very simple. It is nothing more than two or more individuals sharing the responsibilities of owning an aircraft. Obviously, when you spread the costs of aircraft ownership among multiple owners, your costs decrease.