BLOOMBERG IndiGo, India’s biggest airline, posted record quarterly profit in the three months through June, as the demand for travel surged and a smaller competitor’s insolvency funneled a windfall of business. The carrier reported net income of 30.87 billion rupees ($374 million) in the quarter, almost double analysts’ forecast of 17.6 billion rupees, it said in a stock exchange filing. …

BLOOMBERG An airline established by Ethiopian Airlines Group in partnership with institutional investors and the Nigerian government plans to start operations in the West African nation as early as October. The airline, named Nigeria Air, will start with a combination of two wide-bodied planes and six narrow-bodied aircraft, Mesfin Tasew, chief executive officer of Ethiopian Airlines said in an interview …

BLOOMBERG India’s top court stayed Rahul Gandhi’s conviction in a high-stakes defamation case, enabling the opposition leader to seek his reinstatement as a lawmaker and to contest general elections due next year. In their judgment, a three-person Supreme Court bench said that Gandhi’s conviction impacts not only him, but also “the rights of the electorate who have elected him to …