Tony Fernandes’s decision to ease growth plans at AirAsia Group is a rare display of caution following his expansion across the continent, as the region absorbs some of the largest aircraft orders of the past decade.
IndiGo, India’s biggest airline, joined an industry group in opposing AirAsia Bhd.’s application for local operations, threatening to delay plans of the region’s largest discount carrier to start flights by March.
Options traders are paying the most in almost two years to protect against swings in Indian stocks as concern grows that a government will emerge from national elections without a parliamentary majority.
Boeing Co. is poised to win an order for 38 of its 737 Max jets valued at about $3.9 billion from SpiceJet Ltd., the Indian budget airline controlled by billionaire Kalanithi Maran, people familiar with the plan said.
The U.S. Federal Aviation Administration cut India’s safety ranking for the first time citing a failure to meet requirements, a move that could thwart local carriers’ expansion to the world’s biggest aviation market.