Is it a bird, a plane? No it's the Transition

Terrafugia have launched a street legal road vehicle that doubles up as an aircraft called the Transition. The company Terrafugia (which means 'escape the earth' in Latin) have been trying to combine four wheeled motoring with aviation like most men since the 1920's... Even Henry Ford had a go. This light, sport, road-able aircraft was released at the beginning of 2012, with its first flight taking place last month.

When operated as a car, the engine powers the rear wheel drive and lapping miles up to 65 miles per hour. In flight, the engine drives a pusher propeller with its speediest flight being at 107 miles per hour. It boasts folding wings that can fold and unfold in just about a minute, a pusher propeller and twin tail, not to mention being approved for aeronautical and highway use buy the Federal Aviation Administration and being able to take off and land at 5,000 public airports.

Fancy one? $279,000 - that's about £176,000 is the asking price and only 3 have been created. However, due to the popularity of becoming an owner of a Transition, Terrafugia have already got 100 reserved for certain customers who have shown great interest in buying the flying car.