Founded by five pilots who are graduates of MIT and supported by a world-class network of advisors and private investors, Terrafugia’s mission is the innovative expansion of personal mobility. “Terrafugia” is Latin for “escape from land”.
The Transition, whcih has a cargo capacity of 450 pounds and can fly up to 460 miles at 115 miles per hour, transforms from a motor vehicle to an aircraft in less than 30 seconds and is capable of �highway speeds� in car mode. Unlike a light aircraft, which generally gets parked in bad weather, the Transition can be driven to your ultimate destination if the weather turns ugly.
As you�d expect, there are several drawbacks. First, you must possess a valid pilot�s license with a light sport aircraft rating. Don�t have one? Get in touch with a flight school soon, because you�ll need 20 hours of flight time to qualify. Want to fly under low visibility conditions? You�ll need an instrument rating, which takes quite a bit more time and money to earn. The next drawback is the price. Transition buyers must put down a $10,000 deposit towards the purchase price of $194,000, and delivery of the first production models is expected to begin in 2011. Seventy people have stepped up to the plate so far, so you probably won�t be seeing the skies filled with flying cars any time soon.