Kingfisher Airline’s embattled chairman said he is close to sealing a $370m deal with an Indian private investor and a banking consortium that would save his cash-strapped carrier.

Vijay Mallya said in an interview with the Financial Times he would soon close a deal with 14 banks led by State Bank of India, the country’s largest lender by revenues, that would provide the airline with working capital – a short-term loan for the running of the company – of […]