<p>Carl Dietrich, co-founder of Terrafugia, a US-based company which has developed a `roadable aircraft', told PTI that the company would be launching the product commercially at the end of the next year.<br /><br />The aircraft-cum-car has foldable wings, which are tucked in when it is on the road, and it becomes compact enough to park in a home-garage, he said, adding that it coverts into a flying machine within 30 seconds.<br /><br />Around a hundred people have already booked the car, priced at USD 2,79,000. With a full tank, the car can fly for 460 miles at the speed of 110 miles per hour.<br /><br />"After the US launch, we will spread in Europe," Dietrich said, adding that India, Brazil and China would be the future markets.<br /><br />Dietrich, a graduate of Massachusetts Institute of Technology (MIT), was here to participate in `Goa Think Fest - 2011', a three-day conclave which would conclude tomorrow.<br /><br />The car is a workable commuting option, as building a short runway is cheaper than building a super-highway, he said.</p>
<p>Carl Dietrich, co-founder of Terrafugia, a US-based company which has developed a `roadable aircraft', told PTI that the company would be launching the product commercially at the end of the next year.<br /><br />The aircraft-cum-car has foldable wings, which are tucked in when it is on the road, and it becomes compact enough to park in a home-garage, he said, adding that it coverts into a flying machine within 30 seconds.<br /><br />Around a hundred people have already booked the car, priced at USD 2,79,000. With a full tank, the car can fly for 460 miles at the speed of 110 miles per hour.<br /><br />"After the US launch, we will spread in Europe," Dietrich said, adding that India, Brazil and China would be the future markets.<br /><br />Dietrich, a graduate of Massachusetts Institute of Technology (MIT), was here to participate in `Goa Think Fest - 2011', a three-day conclave which would conclude tomorrow.<br /><br />The car is a workable commuting option, as building a short runway is cheaper than building a super-highway, he said.</p>