The present invention comprises, in one embodiment, an inexpensive, lightweight flying vehicle using fixed pitch helicopter blades powered by ramjet engines mounted to a power-ring which transfers torque to the lifting rotors. The use of fixed pitch blades eliminates the need for a tail boom and tail rotor, as well as for variable incidence control of blade pitch and/or cyclic and collective rotor-pitch controls. An optional ballistic parachute may be deployed for emergency landings. A radial shroud encloses the ramjet engines to act as a sound shield. Since the rotor has a fixed pitch, lift may be controlled by rotor speed, where increased speed results in ascent, and decreased speed, descent.