A ducted fan air vehicle and method of operation is disclosed for obtaining aerodynamic lift and efficiency in forward flight operation without significantly impacting hover stability. One or more retractable wings are included on the ducted fan air vehicle and are deployed during forward flight to provide aerodynamic lift. The wing or wings are retracted when the vehicle hovers to reduce the impact the wings have on stability in a wind. Each wing may conform to the curvature or profile of the vehicle when retracted, and may be constructed in one or more wing sections. The wing or wings may be deployed and retracted automatically or at the command of an operator. Each wing and related components may be integrated into the vehicle or may be detachable.