Baillères amassed his tremendous wealth through inheriting and helming the family business, Grupo BAL, which he took over aged 28 following the death of his father.
“(Flying cars) are expected to solve issues of transportation in remote islands or mountainous areas, or rescue operations and goods transport in (times of) disaster,” trade ministry official Shinji Tokumasu said.
“There’s a certain set of expectations about how you’re supposed to go out,” said Ted Klontz, chief executive officer of Klontz Consulting Group.
The island, which is currently an uninhabited marine reserve, is listed for sale for $53,950,046.
Aston Martin visualises its flying car, the ‘Volante Vision Concept’, as a sleek, autonomous, hybrid-electric luxury vehicle.