If James Bond ever does settle down, FlyShip would probably be the preferred way for picking up his kids and taking them to school.

The $37 million concept vehicle developed by German engineers mashes together elements of boats, planes, and hovercraft for incredibly futurisitic maritime transport.

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With a wingspan of 131 feet and enough interior space for 100 people, FlyShip is designed to hover just over water surfaces. This isn’t a blimp, either — the vehicle can reach speeds of up to 155 miles per hour.

“Our vessels are riding on a dynamic air cushion, which is produced by ram air under the reversed delta wings, lifting the body hull,” FlyShip’s Daniel Schindler told the Daily Mail.

Unlike other aircraft that require serious power to take off from water, FlyShip’s patented structure creates an air cushion under the hull by diverting some of the propeller’s stream there. It’s enough to lift most of FlyShip’s weight.

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Once it reaches take-off speed, the whole thing switches to a birdlike surface-skimming mode that the company says is stable over waves, minimizing sea sickness.

This mashup is certainly versatile. While cruising through the water, its wings can folded up DeLorean-style in order to pass through a lock.

Although the cost for the next-generation FS-100 FlyShip is a little more than $37 million, that’s a bargain compared to the average $71 million pricetag for an Airbus A318 jetliner.

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Another advantage: FlyShip only uses nearly 72 gallons of fuel every hour versus jetliners that require about 872 gallons in the same amount of time. Watch the prototypes get some air here:

Having tested the technology, the German company announced that they’re ready for commercial operation. They see FlyShip as closing the gap between cheap-but-slow ship transport and fast-but-expensive air travel, becoming a world leader in high speed maritime transportation. Oh, and you don’t need a pilot’s license to operate one.

The company also says that besides ferrying around cargo and passengers, FlyShip could be used in military surveillance and for anti-piracy missions. Sounds like perfect after-school activities for those Bond kids.