In what could well be a nightmare for insurance companies, and perhaps rental car agencies, a Woburn, Mass. company announced recently that it had successfully completed flight testing of the Transition Roadable Aircraft—a flying car.  

Terrafugia Inc. reported that the Transition completed its historic first flight on March 5, 2009 with 27 additional flights completed over the next several weeks. The company said successful completion of flight-testing with the proof of concept concludes the first of a four-stage process to bring the Transition into production. Work is underway on stage two, the Beta Prototype. First delivery is expected in 2011.

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