[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.

The design includes dual side sticks and a large baggage compartment with its own external door.

With full fuel of 110 U.S. gallons (420 L; 92 imp gal) the payload for the pilot, passenger and baggage is 240 lb (110 kg).

[2] The prototype, registered N260GT and powered by a Lycoming IO-540 of 260 horsepower (190 kW), was introduced at EAA Airventure Oshkosh in July 2002.

[1] The registration was cancelled in 2021 after the aircraft had been exported to South Africa[3] where it was registered ZU-FGT.