A hybrid VTOL vehicle having an envelope configured to provide hydrostatic buoyancy, a fuselage attached to the envelope and having at least one pair of wings extending from opposing sides thereof to produce dynamic lift through movement, and a thrust generation device on each wing and configured to rotate with each wing about an axis that is lateral to a longitudinal axis of the envelope to provide vertical takeoff or landing capabilities. Ideally, the envelope provides negative hydrostatic lift to enhance low-speed and on-the-ground stability.