Of course we've heard similar promises before from the likes of Aeromobil, which first promised to bring us a flying car in 2017. It now looks like 2020 is better estimate for that one.
But Netherlands-based Pal-V has been in this futuristic game for a few years now and finally revealed its production model three-wheeled gyrocopter vehicle at the Geneva Motor Show this week.
"The Pal-V is the perfect product for city-to-city mobility," CEO Robert Dingemanse told AFP. "outside the cities you fly, inside the city you drive."
Liberty is a two-seat gas-powered ground vehicle that has retractable helicopter blades. You do have to get out and manually move the blades in and out of position, but the transition is said to take just around ten minutes.
Once in the air, it can fly at speeds of about 110 miles per hour with a range of around 350 miles. The company says a legal airstrip is required for take-off, although vertical landings are possible.
Being the first to fly a Pal-V won't be cheap or simple. The initial "Pioneer" edition is limited to 90 units with a $600,000 price tag. This will be followed by delivery of the $400,000 Liberty Sport edition. Both models will require a pilot's license and special flight training that is included in the cost. Did I mention the $10,000 deposit for the Liberty Sport is non-refundable?
Of course, all this is contingent on the Liberty receiving its final safety certifications. Bureaucratic delays there could set the start of the flying car era back, yet again.