GoAir (Mumbai International) has allegedly caught the eye of Lufthansa (LH, Frankfurt International), Emirates (EK, Dubai International) and Qatar Airways (QR, Doha Hamad International) as stakes in Indian airlines are fast becoming a hot commodity among international carriers. According to India’s Economic Times, the Mumbai-based airline "is in talks with German carrier Lufthansa and Dubai-based Emirates and Qatar Airways, among others." Go Air had appointed Wall Street investment firm, JP Morgan, to find it fresh investment capital following a change in foreign direct investment (FDI) laws that now permit foreign carriers to hold up to 49 percent equity in Indian airlines. The announcement comes shortly after Qatar Airways boss, Akbar Al Baker, talked about a codeshare deal with IndiGo Airlines (6E, Delhi International) but said that his airline "had not the money to go around buying shares" in airlines. The revised investment laws coupled with a more flexible Bilateral air services agreement between the UAE and India, have given the capital-rich Emirati carriers fresh impetus to establish a firm foothold in the subcontinent through share-acquisitions with Etihad Airways (EY, Abu Dhabi International) having recently bought a 24% stake in Jet Airways (JAI, Mumbai International).