I wanted to add my son as a co-owner of my aircraft. I filled out the FAA Forms 8050-1 and 8050-2 listing myself as the seller and then myself and my son as the purchaser. I sent in the forms with the appropriate fees and received my new FAA 8050-3 Certificate of Aircraft Registration. The new form was received as expected (about a 30 day turnaround).
As I put the new registration card in the aircraft, I saw on the reverse side there were instructions to return the "old" card to the FAA in Oklahoma City. There is a section to mark as to the reason for returning the registration card.
Is this what everyone is doing when buying/selling aircraft? I don't ever recall seeing this mentioned in any of the forums. I'm just curious.
As I put the new registration card in the aircraft, I saw on the reverse side there were instructions to return the "old" card to the FAA in Oklahoma City. There is a section to mark as to the reason for returning the registration card.
Is this what everyone is doing when buying/selling aircraft? I don't ever recall seeing this mentioned in any of the forums. I'm just curious.