Kingfisher Airlines' chief, Mr Vijay Mallya, today reiterated that his plans to raise $400 million remained firm claiming that the private equity players remained upbeat about his airlines. Discussions were continuing with the interested players, he said, without, however, detailing the time-frame for the planned deal or the dilution of his stake that might come about. Addressing newsmen immediately after the annual general meeting of the company, he said that there was every reason for private equity investors to show interest in his airlines now with crude oil slumping to about $36 per barrel. (Statesman) […]