The aeromobil, a comfy two seater that transforms into a light sports aircraft, aims to go on sale in just two years from Slovakia-based Aeromobil.
"We believe that 2017 weíll be able to launch this to market," said company co-founder and CEO Juraj Vaculik at a presentation at the South By Southwest Interactive conference in Austin Sunday.
The limited edition vehicle targeted at wealthy supercar buyers and flight enthusiasts will have a flying range of almost 700 kilometres on regular gasoline, Vaculik said. It is equipped with partial autopilot and a parachute that will automatically deploy if the pilot falls ill.
"Nobody has to jump out," he said.
He said pricing has not been set, but will be in the range of hundreds of thousands of U.S. dollars.
He envisions it as being both for private and shared usage.
"If something like a flying Uber and flying Lyft will be on the market, I think many users will find this a very efficient way to move," he said.
They might also be useful for getting to places that Aren't connected by road and could reduce the need for expensive roads in the future, he added.
Finally, they could reduce traffic congestion, since cars could be spread out in different layers of airspace. Vaculik expects the flying cars to stay below an altitude of three kilometres.
Tatiana Veber, an AeroMobil spokesman said: 'We have been developing the concept of a flying car since 1990.
Last modified on Tuesday, 17 March 2015