In the United States, a Boston-based technology company, Terrafugia, has created a car that can fly.

Flying car in U.S.

The company's CEO says that the company is ready to begin manufacturing the flying car, but the US recession has grounded progress.

The idea is as old as the Jetsons cartoon but the flying car is now a reality.

In August last year, Terrafugia tested out its latest prototype. The test was successful and since then the team has been perfecting its design and preparing the flying car for commercialization.

The company's CEO says the latest design is much sexier than its predecessors.

Carl Dietrich, Terrafugia CEO, said, "This is a 200,000 dollar vehicle, so you are buying it or you are buying a Lamborghini. So when you have got that choice, why are you buying a Lamborghini if can buy something that looks cool and flies on top of that. I mean it actually flies. It's a flying car."

Dietrich says the company already has plenty of orders. But he thinks the car's potential market is gigantic. In the US alone, he says there are more than 5,000 airports, most of which lack rental car facilities or taxi stands and charge high fees for aircraft storage.

He says with a flying car, there is no problem.