Look In The Sky: It's A Bird. It's A Plane. It's A Car?

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A company based in Massachusetts has created what its calls a "street legal airplane." The Terrafugia is a flying car. It has received approval from the FAA to be classified as a "light sport aircraft." Pilots can choose to fly it as a plane — or drive it, if the weather is bad.

MARY LOUISE KELLY, host:

Our last word in business today is futuristic. Think along the lines of "The Jetsons" mode of transportation.

Terrafugia, a company based in Massachusetts, has created what they're calling a street legal airplane. And yesterday the FAA - the Federal Aviation Administration - gave the vehicle its seal of approval.

RENEE MONTAGNE, host:

Aspiring pilots can now drive the Transition Roadable Aircraft from home to the airport, folding up the wings for highway cruising and extending them on the runway for takeoff, all without ever having to leave the cockpit.

The flying car is expected to be ready for delivery next year with a price tag of about $200,000.

That's the business news on MORNING EDITION from NPR News. I'm Renee Montagne.

MARY LOUISE KELLY, host:

And I'm Mary Louise Kelly.

(Soundbite of theme from "The Jetsons")

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