Produced by Pacific Airwave from around 1989 to 1994, the Formula was essentially a simplified Magic Kiss, with a lighter frame, fewer ribs, and looser sail. This allowed the glider to be flown more comfortably by the intermediate pilot than the Kiss. It was comparable to the Kiss in sink rate and, although it didn't have the latter's speed range, its lighter handling made it popular with weekend pilots.
A version of the Formula was made by Airwave UK and marketed as the Magic 6. The sails were made in the US and fitted to airframes made in England.