Here is a great article about a REAL flying car designed by engineer Cardozo. It can go upto max 80 mph while flying in the sky. It has already passed the government’s single vehicle approval test last month and is designed to run on bioethanol.

The team has spent £130,000 developing and attempting to make the Skycar desert-proof. The vehicle is in fact a modified Rage Motorsport off-road racing buggy, and will be followed by a support convoy including an eight-wheel truck, two Toyota Land Cruiser 4x4s and several motorbikes.

If the buggy’s 1000cc engine fails in the air, the machine is designed to glide back to earth for an emergency landing, like any aircraft. But it’s also equipped with an emergency, rocket-launched parachute in case the canopy collapses.

Cardozo’s company plans to put it into limited production with a price of somewhere between £35,000 and £40,000 for a standard model and £60,000 for a high-performance sports version.

Unlike a light aircraft, potential buyers won’t need a private pilot’s licence to fly a Skycar, just one day’s tuition and a powered parachute licence.

“It will be a serious aircraft but also a proper road machine, with acceleration to match your average sports car,” says Cardozo.

http://www.timesonline.co.uk/tol/driving/features/article5106213.ece