The flying car, developed by Massachusettes-based company Terrafugia, will make its first public appearance at the New York International Auto show here in April.
The car, technically called the 'Transition Roadable Aircraft', has foldable wings, which tuck in when it is on the road. It converts into a flying machine within 30 seconds. With a full tank, the car can fly for 460 miles at the speed of 110 miles per hour.
Terrafugia has said it expects the Transition to be ready for sale by the end of the year. It is expected to sell for USD 279,000 and about 100 of the aircraft/car have already been booked.
Terrafugia COO Anna Mracek Dietrich said the company selected the New York auto show for the car's public debut since it is a "venue from which we can show the first practical street-legal airplane to the world while meeting the people who will be part of its commercial success in the years to come. New York is the perfect place to accomplish all of this."
The 2012 New York International Auto Show will be held from April 6 through the 15th. The company will present the car's latest production prototype as well as share details of the future plans for the flying car.
The public will get up-close and personal with the vehicle, witness wing-folding demonstrations and meet some of the staff behind the design.
Terrafugia, an aerospace company, was founded by pilots and engineers from the Massachusettes Institute of Technology.
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