Uber CEO sees commercialisation of flying taxis in 5-10 years

Tokyo (Reuters): Uber Technologies Inc CEO Dara Khosrowshahi said on Tuesday that he can see commercialisation of the Uber Air flying taxi service happening within five to 10 years.

The US ride-hailing app maker has said it expects flying vehicles to eventually become an affordable method of mass transportation.

Khosrowshahi was speaking at an investor forum in Tokyo on his first visit to Asia as Uber CEO.

Ride-hailing firms such as Uber see populous Japan as a potentially lucrative market and are pressing regulators to ease stringent rules governing the taxi industry.