Earlier, wrote:

Here is a quote from the DG/LS web site...it is, in my humble opinion,
worrisome statement :

...

The cost for developing the LS-10 will definitely be more than 500.000
Euros. This requires precise planning...

Well, that's for a large company heavily ballasted with business
overhead and strong European-style employment protection. A
low-overhead operation like mine, developing towards certification
under the US amateur-built experimental rules, can undercut that
substantially and still offer performance, quality, and amenities
similar to the European racers.

And we probably will. At the ADF III last week we laid up and closed
the first real fuselage. We're still on track to meet our $17500 Y2K
base kit price, balanced for oil and inflation.

Unfortunately, with oil more than doubling those year 2000 dollars are
now worth about $25000. And with Boeing and Airbus buying all the
carbon fiber the world can make, it'll be some time before the carbon
market returns to something like normal. And worse, our schedule is
slipping towards 2007.

But we'll keep plugging at it. We'll make another fuselage in the next
few weeks, and then we'll get all gooey with the wing plugs to make the
wing molds.

Thanks, and best regards to all

Bob K.
http://www.hpaircraft.com/hp-24