Uber CEO Says Working With Airbus on Helicopter Service

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By Reuters | Updated: 20 January 2016 18:48 IST

Uber Technologies Inc is working with Airbus Group SE to provide on-demand helicopter services, Uber co-founder and chief executive Travis Kalanick said on Tuesday.

"The point is if you can push a button and can get a ride, then why not push a button and get a helicopter," Kalanick said talking to students at the Indian Institute of Technology (IIT) in Mumbai.

Kalnick said the service will be tested but did not give any further details.

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"Yeah it's more for fun," he said.

The Wall Street Journal had first reported deal citing the European plane maker's chief executive on Sunday.

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Kalanick discussed tips on dealing with irate investors and raising funds with a group of budding entrepreneurs.

Kalanick said India, where Uber last year committed to investing $1 billion, holds one of the biggest opportunities for the company as more Indians start using smartphones.

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San Francisco-based Uber now has a 40 percent share in the Indian market compared to 4 percent same time last year, Kalanick said.

Uber competes with Alibaba-backed taxi company Ola in India.

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Kalanick's Mumbai visit comes days after he held a similar session at a government organised conference in New Delhi where Prime Minister Narendra Modi announced a slew of startup-friendly policies including a $1.5 billion (roughly Rs. 10,197 crores) investment fund.

© Thomson Reuters 2016

 

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