The SeaFalcon SF 08 is a fuel efficient (26 mpg) diesel engined ground effect craft which has been designed to replace boats and aircraft for traveling short distances between islands. Top speed is 120 mph, and it can carry up to eight people a distance of around 1100 miles without refuelling. Sounds interesting all right, shame I just sold my island to that nice Mr Jobs.
Wing-in-Ground effect crafts skim very low over the water, typically at a height of 10 to 50% of their wing span. Due to the pressure increase under the wing at these low altitudes, the lift generated is up to 80 % greater than when the wings are out of ground effect, and the aerodynamic drag is almost eliminated. This double effect makes wing-in-ground effect crafts extremely efficient vehicles, requiring significantly less fuel than an aircraft needs to cover the same area, with the same payload.