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If the airplane light-sport aircraft is properly equipped, and the pilot has a private pilot rating, it can be flown at night. Also, if the airplane light-sport aircraft is properly equipped, and the pilot has a private pilot instrument rating, it can be flown in IFR conditions by instruments.
If you are already an airplane pilot (or glider pilot or hot air balloon pilot or weight shift control pilot, or gyroplane pilot or helicopter pilot for that matter) the transition to becoming a powered parachute pilot is pretty simple if you want to fly with sport pilot privileges.