TERRAFUGIA-Roadable airplane

This an aircraft plus automobile which has reduce the gap between an automobile and aviation.This aptly named TRANSITION vehicle is preferably called ROADABLE AIRCRAFT by its inventor. Terrafugia, of Woburn, Mass., is not the first firm to attempt what may be the ultimate hybrid.
In a nutshell,you just drive in it to the nearest airfield,unfold the wings and take off.You can fly 500 miles on a tank full of unleaded normal petrol and when you land just fold the wings and drive where ever you want.its being priced at US$198000.It doesn't require any FAA certification or permit.The US authorities think that this is wonderful way for people to take up flying in a big way.
Terrafugia was founded by MIT students and have already got orders for 20 Terrafugia. Advances in materials and propulsion technologies are among the reasons why Terrafugia is in position for commercial success. The sellers are also banking on Hollywood and Bollywood celebrities as potential buyers.