The FAA Aircraft Registry is Closed, HOW CAN WE CLOSE?

A bill of sale should contain text to implement the conveyance as well as the names of the parties, price or consideration being paid (price is typically found in the purchase agreement and that’s fine), description of the good being sold, and the date.

So, let’s say that we must close on Christmas Eve and the FAA just announced they’ll be closed.  Can you still effectively transfer title to the aircraft and close your transaction?  Of course.  If the bill of sale is dated and delivered to the buyer, and the other requirements set forth in your purchase agreement for title transfer are complete, your transaction is closed.  And what if you don’t get that done on Christmas Eve, can you do it on Christmas Day?  The law doesn’t take a holiday.  The same rules will apply.

The foregoing assumes of course that the parties are comfortable with the lien and registration status of the aircraft (perhaps searches were done very recently).

The FAA Aircraft Registry is Closed, HOW CAN WE CLOSE?

Lapayowker Jet Counsel