The aircraft was to be supplied as a kit for amateur construction.[2]
The Formula GT features a cantilever low-wing, a two-seats-in-side-by-side configuration enclosed cockpit under a bubble canopy, fixed tricycle landing gear with wheel pants and a single engine in tractor configuration.[2]
The aircraft is made from composite materials. Its 28.51NaN1 span wing, mounts slotted electric flaps and has a wing area of 100square feet. The cabin width is 47inches. The design includes dual side sticks and a large baggage compartment with its own external door. The acceptable power range is 250to and the standard engine specified is a 3000NaN0 liquid-cooled V-8 automotive conversion powerplant.[2]
The aircraft has a typical empty weight of 1400lb and a gross weight of 2300lb, giving a useful load of 900lb. With full fuel of the payload for the pilot, passenger and baggage is 240lb.[2]
The standard day, sea level, no wind, take off with a 3000NaN0 engine is 8000NaN0 and the landing roll is 6000NaN0.[2]
The manufacturer estimated the construction time from the supplied kit as 1500 hours.[2]
The prototype, registered N260GT and powered by a Lycoming IO-540 of, was introduced at EAA Airventure Oshkosh in July 2002. The registration was cancelled in 2021 after the aircraft had been exported to South Africa[3] where it was registered ZU-FGT.[4] There is no evidence of any further aircraft being completed.