New Zealand’s a announced they are beginning production of the as-yet unnamed device – which stands five feet tall, weighs 254 pounds and will cost a cool $77,000 – at an initial rate of 500 units per year. Powered by dual propellers, it will be capable of whisking a pilot along at 63 mph at a maximum altitude of 8,000 feet. In case of emergency, the construction includes a roll cage and a low-altitude parachute. Martin Aircraft CEO Richard Lauder expects the product – no pilot license required – to sell to a wide variety of customers, including emergency personnel and the military.
Video after the jump.