Uber Technologies Inc is responsible for single-handedly spearheading a revolution of sorts in the transportation industry. Now Uber has its aim set for the skies -- literally -- with its flying taxis.
According to Uber's Chief Product Officer Jeff Holden, speaking at the Uber Elevate Summit in Dallas this week, the company is hoping to introduce its flying taxis by 2020 in Dallas-Fort Worth, Texas, and Dubai.
The company is anticipating the price to be around $1.32 per passenger mile, which is slightly pricier than an UberX for a similar distance. Uber foresees the cost of catching a flying taxi to eventually fall below the price of owning a vehicle.
Moving about in a flying taxis would cut down travel time significantly, in areas where traffic is quite dense. i.e.: flying between San Francisco's Marina and San Jose's downtown will take approximately 15 minutes, as opposed to an hour and a half by road.
Uber has teamed up with companies such as Bell Helicopter, Aurora, Pipistrel, Mooney and Brazilian plate-maker Embraer to produce the flying taxis.