MONACO -- A Slovakia-based company unveiled the commercial design for a flying car priced at up to $1.6 million on Thursday, saying it was ready for pre-orders with 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 swing out for flying.
The company, one of several developing such flying vehicles, aims to make up to 500 units of its first commercially available edition, priced at 1.2 million to 1.5 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 spokesman Stefan Vadocz said.