Toronto: The flying car is on its way. An American company Terrafugia Transition, based near Boston, is set to unveil the dual-purpose car-cum-plane vehicle called 'The Flying Car' as early as 2011. The two-seater vehicle can let you fly if you wish to avoid the congested city traffic. If you want to drive on the road, just touch the road. The vehicle will fold up its wings in 30 seconds and transform itself into a car. "The Flying Car" can travel up to 725 kilometres in the air at a speed of more than 115 kilometres per hour. Fuelled by gasoline, it has front wheel drive on the road and a propeller for flight. With its wings folded, it can be parked in your ordinary car garage. Its initial cost is expected to be around $200,000 (nearly Rs.1 crore), says the company which has already orders for 60 vehicles. The CEO of the company told Canadian TV (CTV) network here that they have successfully test-flown "The Flying Car" as many as 28 times. The tes...