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Re:Australian built Hoverbike prepares for takeoff by saulrh on Friday June 10, 2011 @02:51PM (#2642001)
Also from the ground effect page:

  Wingtip vortices are a major cause of induced drag,
  which refers to any drag created as a side effect of
  generating lift.
Less drag -> more efficiency -> less power required to maintain altitude. I don't know how much of a factor this would be compared to the cushion, though, so we'll just have to wait and see. Given that he's already bought and engine and molded a nice, shiny shell, my guess is that he has plenty of power.

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