US authorities have downgraded India's aviation safety rating, citing a lack of safety oversight, meaning Indian carriers cannot increase flights to the United States and face extra checks for existing ones.
The Indian government said it expected to resolve by March all concerns raised by the U.S. Federal Aviation Administration (FAA), including appointing an adequate number of flight operation inspectors, and would approach the U.S. regulator for a review of its decision.
"The FAA has determined that India at this time is not in compliance with the international standards for aviation safety oversight," the U.S. regulator told India in a communication, extracts of which were released by the Indian aviation ministry.
Jet Airways and state-run Air India, the only two carriers that fly from India to the United States, would be impacted by the downgrade. Air India has 21 weekly flights between India and the United States, Jet has seven.
Jet Airways shares closed 3.7 per cent lower after the news in a Mumbai market that ended 0.3 per cent higher.
The Indian government said it expected to resolve by March all concerns raised by the U.S. Federal Aviation Administration (FAA), including appointing an adequate number of flight operation inspectors, and would approach the U.S. regulator for a review of its decision.
"The FAA has determined that India at this time is not in compliance with the international standards for aviation safety oversight," the U.S. regulator told India in a communication, extracts of which were released by the Indian aviation ministry.
Jet Airways and state-run Air India, the only two carriers that fly from India to the United States, would be impacted by the downgrade. Air India has 21 weekly flights between India and the United States, Jet has seven.
Jet Airways shares closed 3.7 per cent lower after the news in a Mumbai market that ended 0.3 per cent higher.
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