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70 pre-orders for Terrafugia, the "Airplane-car" (Video)

Boston , USA - The roadable aircraft get an order backlog of $14 mln

Terrafugia, a Woburn company, near Boston, has received an FAA exemption, allowing it to build the first flying car. The Terrafugia Transition® is a prototype vehicle designed by 5 MIT graduates. The wings unfold in about 7 minutes and it is estimated that it will cost $194,000. The company reports that it has already received 70 pre-orders with $10,000 deposits, representing an order backlog of $14...

AVIONEWS - World Aeronautical Press Agency - 1118928

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