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Vijay Mallya Urges Govt To Take His Money And Save Jet Airways

Jet Airways is in huge trouble and has been in the news for the same since past money days. the company tried everything it could do to avoid bankruptcy.

New Delhi, India, Tuesday, March 26, 2019 —

Fugitive Businessman Vijay Mallya tweeted today and urged the Indian government to take his money and save Jet Airways which is going through troubled times. “I repeat once again that I have placed liquid assets before the Hon’ble Karnataka High Court to pay off the PSU Banks and all other creditors. Why do the Banks not take my money. It will help them to save Jet Airways if nothing else,” the liquor baron tweeted.

Mallya, who is currently facing trial in a UK Court, went on to highlight the “double standards” of the NDA government, and questioned why public sector banks pitched in to save Jet Airways but let his company, Kingfisher Airlines, “fail ruthlessly.”

“Happy to see that PSU Banks have bailed out Jet Airways saving jobs, connectivity and enterprise. Only wish the same was done for Kingfisher,” he wrote on Twitter.

Also Read: Indian banks are dangerously close to reliving the Kingfisher disaster with Jet

“I invested over 4000 crores into Kingfisher Airlines to save the Company and its employees. Not recognised and instead slammed in every possible way. The same PSU Banks let India’s finest airline with the best employees and connectivity fail ruthlessly. Double standards under NDA,” read another tweet.

Mallya also claimed that the media “decimated” him for writing to Prime Minister Narendra Modi while a BJP spokesman “eloquently read out” letters he wrote to former Prime Minister Manmohan Singh and alleged that PSU banks under the UPA government “wrongly supported” Kingfisher Airlines.

Also Read: Jet Airways secures a Rs 2,050 crore loan from PNB

Jet Airways has been suffering bruising competition from low-cost airlines, fluctuating crude prices and a weak rupee. The airline has over one billion dollars in debt and has to repay money to banks, lessors of planes and suppliers besides clearing pending salaries to its pilots.

Also Read: Naresh Goyal may step down, but is far from deboarding Jet Airways

The chairman of the airline, Naresh Goyal, stepped down on Monday (March 25), following which lenders agreed to pump in Rs 1500 crore to bail out the financially troubled airline. Meanwhile, a Delhi court had, last week, ordered attachment of Mallya’s properties in Bengaluru under section 83 of the Code of Criminal Procedure in connection with a FERA (Foreign Exchange Regulation Act) violation case, and fixed the next date of hearing as July 10.

Also Read: Jet Airways Crisis Still Not Sorted Out, Says Chairman Naresh Goyal


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