Kingfisher’s plan to raise 400 million dollars on track

Chairman of Kingfisher Airlines, Vijay Mallya on Friday said that the company's plan to raise 400 million dollars is on track. Addressing a news conference in Bengaluru Mallya said that private equity players have showed keen interest in investing in the airline. However, he did not talk about the time frame for the initiative and the extent of equity stake that the airline would dilute by the measure.