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"did I had an extremely expensive wife - she would see a new car that she liked and just buy it... under California law I was bound to buy her debts. I think I turned out 16 novels in five years."
- Philip K. Dick

Aircab  
  A taxicab that is a flying car.  

As far as I know, this is the first use of this phrase, and maybe the first reference to a flying taxicab.

I fell through the giddy mists. Only an aircab could have saved me.
From Farewell to the Master, by Harry Bates.
Published by Astounding Science Fiction in 1940
Additional resources -

See also the Tin Cabby from Cities in Flight, a set of novels written in the early 1950's by James Blish.

Just for fun, take a look at this visualization of the flying taxicab idea from Fifth Element, the 1997 movie starring Bruce Willis and Milla Jovovich.

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Additional resources:
  More Ideas and Technology from Farewell to the Master
  More Ideas and Technology by Harry Bates
  Tech news articles related to Farewell to the Master
  Tech news articles related to works by Harry Bates

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