The 'inflatable ring' you refer to is in fact a skirt that is inflated when the craft starts
to hover - it is pumped up either by the thrust fan as in the Skima four in your video or
by a separate lift fan. (look at 4:28 in the video you can see the skirt deflated, and at 5:07-5:09
you can see it inflate as the skima starts to hover....)
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I'm currently building a hovercraft model
- have a look at the pix at ....
https://picasaweb.google.com/104738298347389224405/HovercraftProjectThe skirt inflation and lift function will be carried out by a brushless motor and 6" x 5" propeller
Before you ask, I blew up the 65mm ducted fan unit

At the moment I am cutting out the skirt panels from black polyester lining material, the
joints will be made using copydex latex glue - I have some sample joints I made to test the
system. The skirt will be made airproof using copydex diluted 50:50 with water.
Let me know if you wish to know more.
A few links ....
http://www.model-hovercraft.com/index.htmlhttp://www.brocki.neostrada.pl/hovercraft/frames_e.htmhttps://picasaweb.google.com/100969545134162459328/Griffon2000TDRichard