Flying car is coming to the New York Auto Show [Video] image

There’s a flying car coming to the New York International Auto Show this week.

The two-seater craft, which has the rounded features of a Fiat 500 and collapsible wings, is on presale for $279, 000 and some 100 vehicles have already been ordered.

“The successful first flight of this Production Prototype Transition marks a critical move toward initial production and first delivery,” said Anna Mracek Dietrich, COO of Terrafugia, in a statement.

The prototype “street-legal airplane,” which was cleared for production last July by the U.S. National Highway Safety Administration, took its first test flight on March 23 at the Plattsburgh International Airport in Plattsburgh, N.Y, Terrafugia said.

The Transition can reach around 70 miles per hour on the road and 115 mph in the air, spokesman Steven Moscaritolo said. On the ground, it gets 35 miles per gallon.

The craft needs 762m of runway for take-off, meaning pulling onto the shoulder and escaping the traffic is not really an option.

While many companies have tried to market an aero car, none have succeeded in producing more than a handful of models.