The government is looking at allowing foreign airlines to invest in domestic carriers but there would be no change in the foreign direct investment (FDI) cap of 49%, civil aviation Minister Ajit Singh said on Tuesday.
“FDI is allowed in airlines up to 49%,” said Singh. “We are not
changing that 49%,” Singh said after a meeting of the consultative committee of his ministry, and a separate interaction with players of aerospace industry.
“We are trying to see if other airlines are also allowed to participate (in the FDI),” he added.