Many schools build hovercraft, one of the other schools I go to for engineering is building a garage to build a 2 seater in.
I don't know if we would build a 2 seater or a 4 seater... It depends whether 2 want to be left on the bank and swap over...
Hell, build a 20 seater, with a V8 on the prop and a Subaru engine on the fan...
EDIT: Given a year, and about £7000, this?