The present invention is a variable geometry aircraft that is capable of morphing its shape from a symmetric cross-section buoyant craft to an asymmetric lifting body and even to a symmetric zero lift configuration. The aircraft may include variable span, length, and camber. The variability of the structure and the flexible envelope allows the aircraft to adjust its aspect ratio along with the camber of the upper and/or lower surfaces to achieve varying shapes. This transformation changes both the lift and drag characteristics of the craft and may be accomplished while the craft is airborne.