On Wingform, all legal and transactional documents can be signed digitally.
The term “digital signature” refers to the encryption/decryption technology on which the electronic signature is built. The signatures contain a unique set of data hidden to the human eye and when this data is placed within the computer code it can be used to indicate consent and to verify the authenticity of a signed document. If anything is changed within a contract after it is digitally signed, the change will be noted and the contract will become invalid.
Digital signatures are applied on Wingform for the following reasons. First, a digital signature ensures the authenticity of the signer. Any changes made to the document after it has been signed invalidate the signature, thereby protecting against signature forgery and information tampering. As such, digital signatures help organizations sustain signer authenticity, accountability, data integrity, and the non-repudiation of signed electronic documents and forms. Second, digital signatures save time for counterparties.
Wingform integrates one of the most reputable digital signature providers (SignNow), which enables users the ability to digitally sign all documents necessary for an aircraft sale transaction and its corresponding registration. All documents are accompanied by a certificate stating the unique document ID, date and time of signing.
Do aircraft registries accept digital signatures?
Most aircraft registries around the globe accept or have taken steps to accepting digital signatures for several aviation documents, including the FAA, the UK’ Civil Aviation Authority (CAA), Canada’s Transport Canada Civil Aviation (TCCA), the European Union Aviation Safety Agency (EASA), Irish Aviation Authority (IAA), and the Isle of Man Aircraft Registry (IOMAR).
For example, as stated under the FAA’s Notice of Policy Clarification for Acceptance of Documents With Digital Signatures (81 FR 23384), effective as of May 2016, the FAA Civil Aircraft Registry accepts printed duplicates of electronic documents that display legible, digital signatures that are filed in compliance with Parts 47 and 49 of the FAA Regulations (14 CFR parts 47 & 49).
These documents include but are not limited to the following:
Aircraft Registration Application, AC Form 8050–1;
Aircraft Bill of Sale, AC Form 8050–2, or equivalent transfer documents;
Security documents;
Conditional Sales Contracts;
Leases; and,
Any supporting authorization documents such as Powers of Attorney, Trust Agreements, and supplements of related documents, and LLC Statements, etc.
Wingform complies with the FAA’s Advisory Circular (120-78A) on Electronic Signatures and the FAA Policy Clarificationrequirements for digital signatures.
What if a registry does not accept digital signatures?
If necessary, clients can choose to use wet signatures in documents generated on the platform. Wingform offers its clients the opportunity to download the drafts, sign them and upload back to the platform.