The three-wheeled machine - dubbed the Pioneer Personal Air Landing Vehicle (PAL-V) - a 230hp Dutch-made two-seater car boasting 70 pre-orders, is in active production and will reportedly sell for $599,000 . The customer will, however, need both a driving and pilot license to own and operate this vehicle. "While other flying car manufacturers' concepts require modified regulations and in many cases not yet existing technologies, PAL-V deliberately chose to engineer, design and build a flying car with proven technologies and fully compliant with existing regulations", Robert Dingemanse, CEO of PAL-V stated, cited by The Daily Mail. The innovative vehicle is made with carbon fiber, titanium and aluminum, and weighs just 1,500 pounds (600 kilograms), and requires only a 540 feet (164 meters) runway for take-off and just 100 feet (30 meters) for landing, according to Dingemanse. Notably, the PAL-V has a similar handling system to that of a motorbike, which relies on the pilot-driver