An Air India Express Boeing Co. plane overshot the runway and burst into flames in southern India, killing 158 people in the nation’s first fatal crash of a passenger aircraft in a decade.
Even billionaires can’t figure out how to make money in Indian aviation.
India had its airline-safety ranking downgraded by the U.S. Federal Aviation Administration after the South Asian nation failed to find enough officials to ensure safe operation of flights, putting the country on a par with Zimbabwe and Indonesia.
Singapore’s aviation regulator increased inspection of Indian aircraft after the U.S. Federal Aviation Administration cut the South Asian nation’s airline- safety ranking.
Accident investigators found the cockpit voice recorder from the wreckage of an Air India Express Boeing Co. aircraft that crashed yesterday, killing 158 passengers and crew.
Asia’s biggest budget carrier has set a target for its India venture to break even in four months. Some of its local rivals haven’t achieved that in three years.
"Two airline closures in the last few years and a very challenged SpiceJet highlight the massive structural challenges faced by the industry."
- Kapil Kaul on Dec 15, 2014