A time domain finite element method (FEM) for the analysis of transient elastic response of a very large floating structure (VLFS) subjected to arbitrary time-dependent external loads is presented. This method is developed directly in time domain and the hydrodynamic problem is formulated based on linear, inviscid and slightly compressible fluid theory and the structural response is analyzed on the thin plate assumption. The time domain finite element procedure herein is validated by comparing numerical results with available experimental data. Finally, the transient elastic response of a pontoon-type VLFS under the landing of an airplane is computed by the proposed time domain FEM. The time histories of the applied force and the position and velocity of an airplane during landing are modeled with data from a Boeing 747-400 jumbo jet.