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The 'world's first' four-seater flying taxi has been unveiled by Slovakian company AeroMobil.
And manufacturers say the AM NEXT could start ferrying passengers on 500 mile journeys from as early as 2027.
AeroMobil says it hopes the aerial ride-hailing service, which is capable of transforming between modes in less than three minutes, will save commuters 'significant' time when travelling distances of 100 to 500 miles between major cities.
The company said passengers would be able to enjoy 'door-to-door single-seat convenience and comfort, to work, rest, play, or just enjoy the view'.
No details have yet been released about the cost of the flying taxi or the prices that passengers will have to pay.
The AM NEXT is a follow-on to AeroMobil's 4.0 flying car, which was first unveiled at the International Paris Air Show, held at Paris–Le Bourget Airport, in June 2017.
The vehicle was designed as a 2-seater luxury personal vehicle that can fly at a top speed of 223mph (360km/h).
Meanwhile, its top speed on the road is 99mph (160km/h).
However, you'll need to be in the money with a price tag of between 1.2million and 1.5m euros (£1m to £1.25m).
Owners also need a pilot's license to use the vehicle in the air.
AeroMobil hasn't yet revealed the specifications of ride-hailing service AM NEXT.
Patrick Hessel, CEO of AeroMobil, said: "We are excited to announce the second revolutionary model of AeroMobil's true flying car.
"Following AM4.0, the world's first production flying car, AM NEXT will disrupt and democratise the regional travel market.
"It will provide a better, and in many cases previously unavailable, solution to trips in the 100-500 mile range."
AeroMobil said the total market for the ride-hailing service is estimated to be worth around $70billion (£53bn) a year in North America alone.
With its flying cars, the company hopes to make personal transportation more efficient by offering the choice of travelling on the road or in the sky – which will help put an end to traffic jams.
Hessel added: "AeroMobil will leverage AM4.0's proof of concept of engineering and regulation, and its premium branding, into AM NEXT's mass-market aerial ride-hailing service.
"Coinciding with the announcement of AM NEXT, we are touring the prototype 2-seater AM4.0 flying car in the United States, with public viewing and with private appointments for investors, buyers and operators."
AeroMobil said that its flying car technology uses existing infrastructure, which is over 10,000 landing strips in the US. It also insists it meets existing automotive and aviation regulation and has significantly greater range than eVTOL (electric vertical take-off and landing) craft.
Its vehicles are being unveiled after more than 10 years of research and development by a team of engineers and designers from luxury and supercar makers BMW, Aston Martin, McLaren, Mercedes Benz and Ferrari.
The team are also from aerospace leaders including Lockheed Martin, Rolls Royce, Airbus, and Diamond Aircraft, among others.
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