The developer of what may well be the world’s first mass-produced “flying car” is discussing a range of options with underwriters from several companies in an attempt to come up with an affordable insurance policy for this hybrid vehicle/aircraft.
As noted here in a recent blog, Woburn, Mass.-based Terrafugia Inc. announced successful flight testing of the Transition Roadable Aircraft—a flying car. The company said the Transition completed its historic first flight on March 5, 2009 with 27 additional flights completed over the next several weeks. They added that successful completion of flight-testing with the proof of concept concludes the first stage of a four stage-process to bring the Transition into production. Work is underway on Stage 2, the Beta Prototype. First delivery is expected in 2011.
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