A hovercraft (10) capable of operation on either a solid surface or a liquid surface. The hovercraft includes a hull (12) on which is mounted at least one thrust-lift fan assembly (50) for providing and for propelling the hovercraft in a forward or reverse direction or propelling the hovercraft and providing an air cushion under the hovercraft. The hovercraft also includes a steering fan assembly (80) mounted transversely to the thrust-lift fan assembly to allow the hovercraft to be steered in either lateral direction. The hovercraft is controlled by operation of the fans in the appropriate direction, and may be in the form of a wireless remote control toy.
