International Boat Show later on this week. The SkyRunner is a part all-terrain vehicle and part light-sport aircraft, according to a company press release.  

"Airports are not required with SkyRunner," said Stewart Hamel, SkyRunner Founder and Chief Executive Officer in a press statement.  "This vehicle will change the way people experience their world and provide pure enjoyment of flight. Imagine driving an all-terrain vehicle that can convert from road to air mode in three minutes, with SkyRunner, that dream has become a reality."

The SkyRunner uses new reflex paraglide wing technology, which is famous for its "extreme pitch and roll" constancy according to the press release.

The vehicle weighs 926 lbs, and is capable of going 0 to 60 in just 4.3 seconds.

"Open fields, grass strips and secluded beaches will be the runways of choice," said Hamel. "In the United States 98% of airspace is open to light sport pilots."

SkyRunner has a top speed of 115 mph on the ground and 55 mph in the air.  

The vehicle's 1.0 liter EcoBoost direct injection turbo engine's 125PS (92kW) power and 200Nm torque output delivers the "highest power density of any similar production engine" according to the press release.

 Interested customers can purchase the vehicle for $119,000.

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