Another day, another flying car, right? According to The Daily Telegraph, the FAA has just awarded the Terrafugia Transition an exemption which will allow the 1,440-pound car/aircraft hybrid to fly under a "light sport" designation, even though it hits the scales at a hefty 120 lbs. more than the rules allow. A light sport pilot license only requires 20 hours of seat time – far less than what a full license would demand.
Designed to be a viable piece of transportation that's just as happy in the air as it is on the ground, the Transition comes loaded with all of the safety goodies of your standard economy car – airbags and crumple zones come standard. While Terrafugia hasn't exactly said what kind of top speed the Transition can carry on terra firma, it does say the craft gets around 30 mpg when scooting around town.
Should the weather turn sunny and the skies grow clear, however, the Transition can lower its wings, fire up a rear-mounted propeller and take to the air where it can carry a top speed of around 115 mph with a range of 460 miles. Not too shabby. The little carplane only requires an air strip of around 1/3 of a mile, and with its wings folded, can comfortably fit in any garage. Final MSRP is expected to be around $194,000.