The joint venture would represent the first foreign company to try to capture the rising demand in India's aviation sector. Currently, there are six scheduled domestic airlines in the country – Air India, Jet Airways, JetLite, SpiceJet, IndiGo and GoAir. IndiGo is the leading passenger carrier with 27.3 percent of market share as of November last year, followed by Air India at 20.7 percent and SpiceJet at 19.5 percent.