The Classic was designed by Fisher Aircraft in the United States in 1987 and was intended to comply with the US Experimental - Amateur-built category, although it qualifies as an ultralight aircraft in some countries, such as Canada. It also qualifies as a US Experimental Light Sport Aircraft. The Classic's standard empty weight is 4000NaN0 when equipped with a 640NaN0 Rotax 582 engine and it has a gross weight of 8500NaN0.
The construction of the Classic is of wood, with the wings, tail and fuselage covered with doped aircraft fabric. The aircraft features interplane struts, inverted "V" cabane struts, four ailerons and a semi-symmetrical airfoil. Like the original FP-404 upon which it is based, the Classic has no flaps. The Classic's main landing gear is bungee suspended. Cockpit access is via the lower wing. The company claims an amateur builder can complete the aircraft from the kit in 500 hours.
The specified engine for the Classic is the 640NaN0 Rotax 582 two-stroke engine.
The estimated time to build the aircraft from the kit is 400–500 hours, or 250 hours from the quick-build kit. By late 2011 more than 155 Classics were flying.
