Marketplace has a new podcast for kids, "Million Bazillion!" EPISODE OUT NOW

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.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.