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

Uber Technologies Inc Chief Executive Officer Dara Khosrowshahi said on Tuesday he can visualise 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 in the coming future.

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

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.