This beautiful and rare "Student" was recently completed and now awaits its first flight at the Paderborn-Lippstadt airport in Germany. The restoration was performed by the Quax flying club. Please check the following links to read the details of the project.
http://www.warbirdsnews.com/aircraft-restoration/rare-pre-wwii-luftwaffe-trainer-display.html
http://www.quax-flieger.de/index.php/flugzeuge/329-neu-in-der-quax-flotte-p2-2