Unlike the Terrafugia Transition flying car, the Pal-V “is a very different take on flying vehicles – it’s slim, light, and uses a rotor instead of aeroplane-style wings.” It completed its maiden voyage yesterday. Pricing and availability have not yet been announced. Click here to see more pictures. Continue reading for a video.

On the ground, the machine handles somewhere between a motorbike and a racing car – its chassis is built to lean into turns, and the two-seater can hit 112mph on the ground. Once the engine stops, the propeller folds itself automatically into the driving position.

[via DailyMail]