FAA downgrades India's aviation safety ranking

Written By Unknown on Jumat, 31 Januari 2014 | 23.25

The FAA has downgraded India to Category 2 from Category 1, Prabhat Kumar, India's director general of civil aviation, was quoted by the paper as saying.

The US Federal Aviation Administration (FAA) has downgraded India's aviation safety ranking, which means Indian carriers cannot increase flights to the United States and face additional checks for existing flights, the Mint newspaper reported, citing the Indian aviation regulator.

The FAA has downgraded India to Category 2 from Category 1, Prabhat Kumar, India's director general of civil aviation, was quoted by the paper as saying.

Jet Airways  and state-run Air India operate flights from India to the United States.

Kumar could not be reached for comment by Reuters.

Jet Airways stock price

On January 31, 2014, Jet Airways closed at Rs 236.45, down Rs 9.7, or 3.94 percent. The 52-week high of the share was Rs 688.60 and the 52-week low was Rs 234.30.


The latest book value of the company is Rs -27.75 per share. At current value, the price-to-book value of the company was -8.52.


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