What has been billed as the world's first four-seater flying taxi has been unveiled by a Slovakian engineering company – and it could be in use in just five years' time. AeroMobil's AM NEXT, which is the second model of its half supercar, half light aircraft vehicle, is planned for launch in 2027. It is capable of transforming between modes in less than three minutes. The firm hopes its aerial ride-hailing service will save commuters significant time when travelling distances of 100 to 500 miles between major cities. It said passengers would be able to enjoy “door-to-door single-seat convenience and comfort, to work, rest, play, or just enjoy the view.” No details have yet been released on the cost of the flying taxi or the prices that passengers will be charged. AM NEXT is a follow-up to AeroMobil's 4.0 flying car, which was first unveiled at the International Paris Air Show held at Paris–Le Bourget Airport, in June 2017. Patrick Hessel, CEO of AeroMobil, said, “We are excited to announce the second revolutionary model of AeroMobil's true flying car. Following AM 4.0, the world's first production flying car, AM NEXT will disrupt and democratise the regional travel market. It will provide a better, and in many cases previously unavailable, solution to trips in the 100-500 mile range.”