Click here to check out this article from the Associated Press about the company, Terrafugia, based in Woburn, Mass., that says it plans to deliver its car-plane, the Transition, to customers by the end of 2011.

The article states that this company, which is Latin from “Escape from the Land,” recently cleared a major hurdle when the Federal Aviation Administration granted a special weight limit exemption to this flying vehicle called Transition.

The car costs around $194,000, but it already has more than 70 orders.