PLANS for an insane £70 million “flying” yacht that has massive wings so it can glide above the water have been unveiled.

The spectacular 242ft Plectrum uses a foil system to rise above the waves and zip along at up to 75 knots.

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The superyacht can glide above the sea[/caption]

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The vessel could be built for an eye-watering £70 million[/caption]

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The yacht can “fly” above the water at speeds of 75 knots[/caption]

The futuristic plans were released by the Italian design firm Lazzarini who said the hull shape takes its design inspiration from the latest America’s Cup sailboats.

The yacht would be able to lift above the water surface thanks to three hydrogen-powered motors capable of 5000hp each.

The foil system can be adjustable depending on the cruising needs and can change the width from 15 metres of beam, with closed foil when the yacht is berthed, up to 20 metres of the beam while the yacht is sailing at high speed.

Described by Lazzarini as a “super light yacht”, Plectrum is conceived to be entirely composed and constructed with dry carbon fiber composite materials.

This helps it achieve its impressive speeds.

The vessel is subdivided into four levels and the main body offers six guest cabins and a shipowner suite.

It features a helicopter hangar, a central garage for two tenders and a rear garage for water toys and a supercar.

Lazzarini explained: “The Plectrum is a concept that can be built on request with an 80 million Euro budget.”

The Italian studio is known for its innovative designs including the incredible 500ft-long “air yacht” that can fly as well as sail.

It is made out of super-light carbon fibre and consists of two enormous 150m airships connected via four central bridges to an 80m hull.

The firm has also released a plan for a £6.8billion floating city called the Pangeos.

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The 242ft vessel’s shape is inspired by America’s Cup sailboats[/caption]

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It also features a helicopter pad and garage[/caption]