Folariel

The Folariel is Iola's ship. Named after her Elven mother, the ship represented both the freedom to go anyway she wanted ('bring me that horizon') and the security and familiarity of always having somewhere she could return to, a place she could call her own, even if it was just a cabin.

At some point it got (severely damaged/wrecked). Whilst Iola would have been determined to save it, she was more than a little upset when Merlin turned it into a knicknack - a miniature ship inside a glass bottle. What Iola didn't realise at the time was that this was a magic item, and the ship had been rebuilt as a flying ship which she could take out of or return to the bottle at will.

It comes with its own crew and even has a ship's Magician, Redtongue.

The first time Iola realised it was a flying ship was at the end of the quest A Black Star over Sigil.