Government working on proposal to allow 100 pc FDI in Air India

NEW DELHI: The government is working on a proposal to allow 100 per cent foreign direct investment in Air India as it moves ahead with disinvestment of the national carrier, according to sources.

Currently, FDI in Air India is capped at 49 per cent through the government approval route while 100 per cent FDI is permitted in scheduled domestic carriers, subject to certain conditions, including that it would not be applicable for overseas airlines.