CNET News has reported that a start-up is really taking off. March 6th saw the maiden voyage of a car that can actually fly:

Terrafugia describes its Transition vehicle as a “roadable aircraft” and is pitching it in part as giving private pilots an easy travel alternative when bad weather makes flying a bad idea, or simply to avoid having to take a separate car to the airport. Also, in the eyes of the Federal Aviation Administration, the vehicle falls into the light sport aircraft category.

Delivery could start as early as 2011. It will be interesting to see how regulators figure out the safety standards for these vehicles, since they seem to struggle over things like the number of doors and seats in conventional cars. Unfortunately it’s a gasoline engine, but otherwise seems like yet another reason to finish my pilot’s license this summer.