This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For an explanation of our Advertising Policy, visit this page.
The dream of a flying car is coming closer to reality after Kitty Hawk unveiled a working prototype of its vehicle, dubbed the Flyer, on Monday.
The Silicon Valley based startup, backed by Google Co-Founder Larry Page, demonstrated its Kitty Hawk Flyer in a video that shows the vehicle flying above above Clear Lake, California.
The single-person aircraft is powered by electricity. It falls under the FAA classification of “ultra-light” aircraft which means you don’t need a regular pilot’s license to operate one. The 220 pound drone-like machine is designed to fly over water with its thrust coming from eight propellers.
Intended for hobbyists, the Flyer is supposedly easy to control and its website says that “you’ll learn to fly it in minutes.”
Kitty Hawk is just one of many groups that’s trying to revolutionize travel. Google, Uber and a slew of other tech companies are working on self-driving vehicles and multiple Hyperloop startups are testing the transportation system across the world.
The Flyer is expected to hit the market by the end of 2017 although no price point has been set. If you’re willing to pay $100 to Kitty Hawk, the company is offering a $2,000 discount and early access to the Flyer — an odd proposal since consumers don’t know the cost.
H/T: The New York Times
With great travel benefits, 2x points on travel & dining and a 50,000 point sign up bonus, the Chase Sapphire Preferred is a great card for those looking to get into the points and miles game. Here are the top 5 reasons it should be in your wallet, or read our definitive review for more details.
- Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
- Chase Sapphire Preferred® named a 'Best Travel Credit Card' by MONEY® Magazine, 2016-2017
- 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
- Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
- No foreign transaction fees
- 1:1 point transfer to leading airline and hotel loyalty programs
- Get 25% more value when you redeem for travel through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel.
- No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards