A flying vehicle comprising a wing ship body having a pair of wing spars secured thereto; and a plurality of hinged wing-rib assemblies disposed along each wing spar that allows the wings to be folded against the body of the flying vehicle. A method for folding or collapsing the wings of a wing-in-ground-effect wing ship comprising providing a wing-in-ground-effect wing ship having a pair of wings, and folding the wings toward and against the body of the wing-in-ground-effect wing ship. A fabric covered wing folding assembly including a pair of wings with each wing having a wing spar and covered by a fabric. A plurality of hinged wing-rib assemblies is disposed along each wing spar that allows the wings to be folded against the body of the aircraft. A method is provided for folding or collapsing the wings of an aircraft.