Uber chief product officer Jeff Holden said last month that a paid, intra-city flying taxi service could start in 2023. Photo: APSao Paulo: A network of electric aircraft Uber Technologies Inc is developing with Embraer SA is likely to launch commercially in 2024, the Brazilian planemaker’s chief executive said on Friday, adding a year to the latest forecast from the ride-hailing company. Embraer chief executive Paulo Cesar de Souza told media the business model and financial commitments of the partnership have not been defined. Uber chief product officer Jeff Holden said last month that a paid, intra-city flying taxi service could start in 2023. The transition to a new commercial jet line-up is pressuring operations, but Souza said Embraer would meet the bottom end of its 2017 profit margin and aircraft delivery targets.

Source: Mint December 16, 2017 09:22 UTC