Flying Car Costing More Than $1 Million Goes on Demonstrate in Monaco, Fox Business

Flying Car Costing More Than $1 Million Goes on Showcase in Monaco

Published April 20, two thousand seventeen Auto

AeroMobil display their latest prototype of a flying car, in Monaco, Thursday, April 20, 2017. The light framework plane whose wings can fold back, like an insect is boosted by a rear propeller. The company says it is planning to accept very first preorders . for the vehicle as soon as later this year. (AP Photo/Claude Paris) ( Copyright two thousand seventeen The Associated Press. All rights reserved. )

MONACO, April twenty (Reuters) – A Slovakia-based company unveiled the commercial design for a flying car priced at more than $1 million on Thursday, telling it was ready for pre-orders with very first deliveries expected by 2020.

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AeroMobil said its teardrop-like shaped AeroMobil Flying Car, displayed at the Top Marques Monaco, could switch to flight mode in less than three minutes. The wings fold away for driving on roads and sway out for flying.

The company, one of several developing such flying vehicles, aims to make up to five hundred units of its very first commercially available edition, priced at 1.Two million to 1.Five million euros ($1.29 million to $1.61 million).

To fly, the car would need an airfield or another approved place to take off, while owners would require driving and pilot licenses, AeroMobil Chief Communications Officer Stefan Vadocz said.

AeroMobil said deliveries to customers of the flying car, which Vadocz said would obey with air and road regulations, was expected to embark by 2020.

Before so-called flying cars become mainstream, they must overcome a host of flight safety issues to allay public fears.

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Governments are already studying how to regulate drones and driverless cars, while the auto and aviation industries are working on advances in software and city planning to ensure the vehicles are restricted to travel within safe corridors.

($1 = 0.9301 euros) (Writing By Marie-Louise Gumuchian; Editing by Edmund Blair)

A Slovakia-based company unveiled the commercial design for a flying car priced at more than $1 million on Thursday, telling it was ready for pre-orders with very first deliveries expected by 2020.

AeroMobil said its teardrop-like shaped AeroMobil Flying Car, displayed at the Top Marques Monaco, could switch to flight mode in less than three minutes. The wings fold away for driving on roads and sway out for flying.

The company, one of several developing such flying vehicles, aims to make up to five hundred units of its very first commercially available edition, priced at 1.Two million to 1.Five million euros ($1.29 million to $1.61 million).

To fly, the car would need an airfield or another approved place to take off, while owners would require driving and pilot licenses, AeroMobil Chief Communications Officer Stefan Vadocz said.

AeroMobil said deliveries to customers of the flying car, which Vadocz said would conform with air and road regulations, was expected to begin by 2020.

Before so-called flying cars become mainstream, they must overcome a host of flight safety issues to allay public fears.

Governments are already studying how to regulate drones and driverless cars, while the auto and aviation industries are working on advances in software and city planning to ensure the vehicles are restricted to travel within safe corridors.

($1 = 0.9301 euros) (Writing By Marie-Louise Gumuchian; Editing by Edmund Blair)

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