A flying craft has an aerodynamic aircraft fuselage structure preferably disc shaped. A pair of coaxial electrokinetic motor-generators are mounted concentrically, and preferably centered within the disc shaped structure of the craft. Each of the motors is toroidal in configuration, providing a ring-shaped stator and rotor portions. The rotor portions of the motors drive counter rotating fans which are electro-magnetically levitated. The structure is open to the fans so that air may be drawn into the structure and expelled downward providing vertical lift to the aircraft. By use of auxiliary air braking flaps and electrokinetic thrusters, the craft may be tilted so as to develop a desired horizontal thrust. By impulse breaking one of the fans through tracking solenoids at different points around the stator, the aircraft may be made to rotate about its own vertical axis for changing direction. By a series of sudden braking of the motors the craft may be made to move by inertial reaction.