Talk about airplanes! At last count, there are 39 (and growing) FAA certificated S-LSA (special light sport aircraft). These are factory-built ready to fly airplanes. If you can't afford a factory-built LSA, consider buying an E-LSA kit (experimental LSA - up to 99% complete).
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I just heard this from DAR Mike Huffman:
I’ve not expected an NPRM anytime soon; right after the announcement, I talked with Terry Chasteen who told me it would be 3-4 years.
(Terry is head of the FAA Light Sport program in Kansas City.)
Which in FAA terms means 5-6 years.
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