Uber wants to bring flying taxis to cities worldwide by 2023

"Uber reaches for the skies with plan for sleek flying taxi," by AP's Barry Hatton: "The ride-hailing service unveiled ... an artist's impression of the sleek, futuristic machine it hopes to start using for demonstration flights in 2020. The company aims to have its first paying passengers in various cities around the world by 2023, though the plan still faces major hurdles."

• "The battery-powered aircraft looks like a cross between a small plane and a helicopter, with fixed wings and rotors. It was presented at an international technology conference in Lisbon, Portugal."
• Why it matters: "The vehicle is intended to soar over traffic congestion, sharply reducing city travel times. Uber hopes it will eventually become a form of mass transport and cost commuters less than using their own car, though initially it will be more expensive than that, Uber's Chief Product Officer Jeff Holden said."
• "The scheme still faces plenty of challenges, including certification of the new vehicle by authorities, pilot training and conceiving urban air traffic management systems that prevent collisions."