[huhv-er-kraft, -krahft, hov-]
noun, plural hovercraft. Chiefly British.
Also, Hovercraft.

hover + craft

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World English Dictionary
hovercraft (ˈhɒvəˌkrɑːft)
a vehicle that is able to travel across both land and water on a cushion of air. The cushion is produced by a fan continuously forcing air under the vehicle

Collins English Dictionary - Complete & Unabridged 10th Edition
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Example sentences
However, a hovercraft is an expensive piece of equipment, which makes its
  purchase a challenge.
He also has participated in engineering challenges including catapult and
  hovercraft building.
Air boats, hovercraft and jet skis are not permitted within refuge boundaries.
Examples of projects may include a robotic mascot for the school, a
  remote-controlled hovercraft, or a solar-powered device.
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