Tell us about your experiences with Marketplace. Enter To Win

Growing India’s air travel market

Miranda Kennedy Nov 14, 2006
HTML EMBED:
COPY

Growing India’s air travel market

Miranda Kennedy Nov 14, 2006
HTML EMBED:
COPY

TEXT OF STORY

SCOTT JAGOW: This week, India’s largest private airline, Jet Airways, hopes to get a thumbs-up to fly to the U.S. At the same time, the head of the FAA is in India to look out for the interests of U.S. airlines. Miranda Kennedy reports from New Delhi.


MIRANDA KENNEDY: India is the world’s third-fastest growing aviation market, after the U.S. and China.

Four U.S. carriers already fly to India, but industry growth is being restrained by the fact that India’s airports aren’t up to American standards.

So the head of the FAA, Marion Blakely, today met with U.S. companies in New Delhi to talk about how they can change that.

MARION BLAKELY: When you have a 50% growth in passenger traffic in India in the last 10 months, you’ve got to see this as an enormous market, that will be both important for us from an economic standpoint, and a safety standpoint.

A slew of U.S. companies are ready to provide technical and financial help, and the U.S. government plans to install satellite systems and train Indian pilots and engineers.

In New Delhi, I’m Miranda Kennedy for Marketplace.

Marketplace is on a mission.

We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.

Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?

Your donation is critical to the future of public service journalism. Support our work today – for as little as $5 – and help us keep making people smarter.