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As an aside I think a vehicle like this could be developed today and fall under the FAA ultralight powered vehicle classification (weighing less then 254 pounds and carrying less then 5 gallons of fuel). This classification doesn't require you to have a pilots license!

People here might also be interested in the Mosquito Air helicopter as well. It falls into this ultralight classification and is a kit you can build in 200-300 hours. It costs about $30,000...

http://www.innovator.mosquito.net.nz/mbbs2/mosquito.asp



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