Terrafugia

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Terrafugia is a private company based in Cambridge, Massachusetts that is developing The Transition, a roadable aircraft that the company describes as a "Personal Air Vehicle". The aircraft is designed to change configurations, enabling it to operate as a traditional road vehicle and as a general aviation airplane.

The Transition "Personal Air Vehicle" is expected to be released in late 2009 with an operational prototype expected in 2008. The estimated purchase price is $148,000. Owners will drive the car from their garage to an airport where they will then be able to fly within a range of 100 to 500 miles. It will carry two people plus luggage and will operate on a single tank of premium unleaded gas.

[edit] Company history

Terrafugia was founded by graduates of the Department of Aeronautics and Astronautics at the Massachusetts Institute of Technology and incorporated in 2006.