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.
Mumbai airport, the gateway to India’s financial capital, will open a new international terminal in its first major upgrade in three decades as the nation aims to ease infrastructure constraints that hurt growth.
IndiGo, India’s biggest domestic carrier by market share, plans to more than double its fleet in a decade as part of a goal to eventually become a 1,000-plane operator by tapping the nation’s rising travel demand.
Etihad Airways PJSC’s purchase of a 24 percent stake in Jet Airways (India) Ltd. boosts its position in a high-growth market that’s being targeted by new entrants including AirAsia Bhd. as the state invites foreign investment.