In this paper, we examine some of the physics behind Vertical Take-Off and Landing (VTOL) flying machines, and some of the emerging technologies that are driving the recent upsurge of new VTOL projects. The paper attempts to put these into context by examining some of the projects that have been publicised over the past couple of years, particularly those that transition from hovering into wing-borne flight. Although much progress has been made, there still needs to be significant breakthroughs in technologies, particularly battery technology, before the dream of fast, quiet and environmentally friendly inter-city VTOL aircraft can be realised.