The SkyRunner can rip over the ground at speeds up to 70 mph (113 km/h), then shoot through the air at up to 52 mph (84 km/h) with a separate drive system. And now it can be yours ... for a price. We chatted with SkyRunner founder and CEO Stewart Hamel to learn more about the ins and outs of the newly redesigned air-ATV.

Hamel first became acquainted with British outfit Parajet Automotive while serving on the board of Oxford University's Saïd Business School. Through his investment company, he struck an agreement with Parajet to underwrite the design, testing, certification and production of a flying ATV to be named SkyRunner. From that agreement, the original SkyRunner made its soft debut in 2013, and reservations opened. 

We haven't heard much about the SkyRunner since 2013, but that doesn't mean nothing's been happening. In fact, a whole lot has happened in those two and a half years. Parajet and SkyRunner have gone their separate ways, the former now advertising the SkyQuad, which appears to be closely related to the 2013 SkyRunner, if not the exact design. For its part, SkyRunner moved on from that design after an intensive research and development effort based entirely in the US. What's resulted is a completely new machine.