Designs have been unveiled for a £70m superyacht concept that can 'fly' across the water. Powered by a hydrofoil system, the 243-foot-long vessel, known as Plectrum can lift itself above the water surface and rise above the waves at speeds of 75 knots – or 140 km/h. According to the team at Italian studio Lazzarini Design Studio, the design was largely inspired by the foiling monohulls used in the America's Cup, one of the oldest international sailing yacht competitions. The flexible design results in 'a different super yacht configuration which will allow much faster sea traveling than conventional similar size ships', designer Pierpaolo Lazzarini explained. The four-tier yacht has six guests cabins along with a shipowner sweet, a swimming pool, and a helipad. It also has a helicopter hangar, a central garage that can fit two tenders and a rear garage for water toys and a supercar. At the moment, the yacht remains a concept boat with no set release date to be on to the market. Lazzarini explains: "The Plectrum is a concept that can be built on request with an 80 million Euro budget”.