Terrafugia, a company founded in 2006 by a group of MIT students is set to launch a line of flying cars or as they like to call it a "roadable aircraft". It is as easy as getting in your car driving to a runway unfolding two wings and soaring away. One tank of regular unleaded gasoline will allow you to travel up to 500 miles and at the end of the day you just drive home and park it in the garage. The firm has already taken deposits for over 40 transactions and plans on making deliveries in 2010. The vehicles sell for 194,000. Advances in materials and propulsion technologies are some main reasons that the company feels they can go commercial. Also the loosening of government regulations on private aircrafts and pilot licensing is equally as important. The requirements for sport pilot licenses is about as stringent as getting a license to drive a car. Dick Knapinski who is with the Experimental Aircraft Association says that the rule about licensing is because the aircraft is about as complex as driving a motor vehicle. He adds that you fly in non-complex airspace at relatively low speeds. One of the biggest obstacles the company has found is not the technology but that people do not feel comfortable operating this type of machinery. Which i agree with because flight is very dangerous to perform and people may be a hesitant to put themselves in that situation. I think if the technology was in front of me and I trained and enjoyed the machinery I would want to own the craft. The advantages of the product is very high and extremely interesting. People have dreamed of flying cars since the invention of cars and planes. I am excited to see where this technology goes and what the future holds for the craft. If the technology turns out to be safe and worth the price I think people will begin to see man cars flying through the sky.

http://www.msnbc.msn.com/id/28796183/