A recent deal between two automotive companies could see flying cars take to the skies as soon as 2019. Innovative tech start-up company Terrafugia - who aim to make flying cars a reality by 2019 has been purchased by Geely, Volvo's parent company.

The Terrafugia Transition - described as a street-legal plane', with a 400-mile range and space for two travellers, has already been approved by the US's Federal Aviation Administration (FAA) as a 'Light Sport Aircraft' and can to fly at up to 10,000 feet.

Founded by five MIT graduates in 2006, Terrafugia has already made major steps to make flying cars a reality, having developed several prototypes of their vision. As well as developing a flying car, Terrafugia also hopes to make the first vertical take-off and landing car (VTOL) ready for 2023.

Zhejiang Geely Holding Group Founder and Chairman Li Shufu said: “The team at Terrafugia have been at the forefront of believing in and realising the vision for a flying car and creating the ultimate mobility solution".

Flying cars set for 2019 take-off

Image credit: Terrafugia