Flying car wins initial FAA approval

The Federal Aviation Administration (FAA) has granted initial approval for a “roadable aircraft” known as the Transition.

The flying car – which is manufactured by the Massachusetts-based Terrafugia – received an exemption from the FAA allowing the vehicle to qualify as a light sports aircraft.

The rather unusual move will allow the Transition to operate legally with a maximum takeoff weight of 1,430 pounds, or 110 pounds over the standard limit.

The extra weight is expected to be used to accommodate airbags, crumple zones, safety-cage structures and other equipment required by federal motor vehicle standards.

The $200,000 flying car is slated to touch down in a driveway near you by late 2011.