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.

Could this be James Bond’s next super-vehicle? Both Aston Martin and Rolls-Royce unveiled their own flying car concepts at the Farnborough Airshow this week.

Aston Martin, the British carmaker known for its luxury vehicles, is developing Vertical Take-off and landing (VTOL) vehicles in partnership with Cranfield University and oddly enough, Rolls-Royce. These are just the latest companies to start their own ventures into the untamed space of personal aircraft — both Uber and Airbus are working on their own, “flying car” VTOL aircraft.

Named the Volante Vision Concept, Aston Martin’s aircraft is designed to hold three people and is powered by a hybrid electric engine. It’s designed to hit speeds of 200mph and will incorporate technology to allow it to operate autonomously

This won’t be your commuter vehicle for the masses that other companies are pitching, but a “sports car for the skies” says Aston Martin’s Director of Global Government James Stephens. It’s not cheap either, with the company estimating the price to fall between £3-5 million ($3.9-6.5 million).

“Air travel will be a crucial part in the future of transportation [and] the Volante Vision Concept is the ultimate luxury mobility solution,” Aston Martin President and CEO Andy Palmer said in a news release.

The team hopes to have the vehicle ready for Farnbourough 2020.

Rolls-Royce, the airline engine manufacturer, not to be confused with the car company owned by BMW, is developing its own concept vehicle. The aircraft includes enough space for five people and could cruise at a dashing 250mph for approximately 500 miles.

A man poses alongside screens presenting the Rolls-Royce EVTOL air taxi concept during the Farnborough Airshow, south west of London, on July 16, 2018. - British engine maker Rolls-Royce revealed plans this week to develop a hybrid electric vehicle, dubbed the "flying taxi", which takes off and lands vertically and could be airborne within five years. (Photo by Tolga AKMEN / AFP) (Photo credit should read TOLGA AKMEN/AFP/Getty Images)
A man poses alongside screens presenting the Rolls-Royce EVTOL air taxi concept during the Farnborough Airshow, south west of London, on July 16, 2018. (Photo by Tolga AKMEN / AFP / Getty Images)

Like others, Rolls Royce will be an EVTOL vehicle that’s “specially designed to have a low noise profile.” The company says it will have a prototype in the next 18 months that could take to the skies by the early 2020s.

“Electrification is an exciting and inescapable trend across industrial technology markets and while the move to more electric propulsion will be gradual for us, it will ultimately be a revolution,” Rob Watson, head of Rolls-Royce’s Electrical team, said.

Featured image by Tolga Akmen / AFP / Getty Images.

The best beginner points and miles card out there.
Chase Sapphire Preferred® Card

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.

Apply Now
More Things to Know
  • 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
Intro APR on Purchases
N/A
Regular APR
17.74% - 24.74% Variable
Annual Fee
$0 Intro for the First Year, then $95
Balance Transfer Fee
Either $5 or 5% of the amount of each transfer, whichever is greater.
Recommended Credit
Excellent Credit

Editorial Disclaimer: Opinions expressed here are author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.