Vijay Mallya feels 'sorry' for Jet; asks why many airlines have failed in India

NEW DELHI: As Jet Airways stares at shutdown, embattled liquor baron Vijay Mallya on Wednesday took to social media and mentioned that he "feel sorry to see such a large private airline on the brink of failure." Calling Jet a big competitor to now defunct Kingfisher Airlines (KFA), Mallya also puzzled the huge sum that was used to bail out debt-laden Air India.

Even though Jet was a big competitor to Kingfisher on the time I feel sorry to peer this sort of large private airline o… https://t.co/voRLi3ubU2

— Vijay Mallya (@TheVijayMallya) 1555454648000

The 63-year-old businessman took to Twitter this morning and again repeated his be offering to pay 100 consistent with cent again to the state-owned banks.

Take my cash, save Jet Airways, Vijay Mallya tweets again

In a chain of tweets posted in the early hours, Mallya mentioned, "Happy to see that PSU Banks have bailed out Jet Airways saving jobs, connectivity and enterprise. Only wish the same was done for Kingfisher." Goyal at the side of his spouse Anita stepped down on Monday following which lenders agreed to pump in Rs 1,500 crore to bail out the financially afflicted airline.

"I have offered to pay back 100 per cent but am being criminally charged instead. Airline Karma?" Mallya tweeted.

I invested massively into Kingfisher which swiftly grew to turn into India’s greatest and most awarded airline. True, King… https://t.co/n1CboGigXY

— Vijay Mallya (@TheVijayMallya) 1555454962000

"I am willing to pay either way whether I am in London or in an Indian Jail. Why don’t Banks take the money I offered first?" the founder of KFA requested in any other tweet. He added that his be offering to pay again his loans stands without reference to where he is "in London or in an Indian jail" as he does not really feel "spooked" via probabilities of extradition.

Every time I say that I'm keen to pay 100 percent again to the PSU Banks, media say I'm spooked, terrified etc… https://t.co/48BlaLeZVN

— Vijay Mallya (@TheVijayMallya) 1555455484000

Extending sympathy for Jet founder Naresh Goyal and his spouse Neeta, Mallya mentioned that India will have to be "extremely proud" of the airline for providing "vital connectivity and class service". He also puzzled why such a lot of airlines have failed lately.

Not simply Jet, 12 airlines went bust in 21 years

Stiff competition, low cost fares, take the shine off the stable rise of air visitors in Indian skies

Even though we had been fierce competition, my sympathies go out to Naresh and Neeta Goyal who constructed Jet Airways that I… https://t.co/PAWglOMXy0

— Vijay Mallya (@TheVijayMallya) 1555455796000

Jet Airways on Tuesday evening had despatched a last SOS to banks for fast unencumber of no less than Rs 400 crore to keep away from a complete shutdown via end of day. While the airline is still ready to listen to from banks, aviation authorities have in the meantime began frantic efforts to rein in runaway fares as a fallout of Jet — which had a fleet size of 124 closing November — is working simply 5 planes as of Tuesday.

Mallya is facing fees of fraud, cash laundering and violation of Foreign Exchange Management Act (FEMA). He has also defaulted to the tune of Rs nine,000 crore.

The fugitive business magnate remains on bail as he awaits an oral hearing to be listed via the United Kingdom prime courtroom for his appeal in opposition to his extradition ordered via Westminster Magistrates' Court in London closing December after which signed off via UK home secretary Sajid Javid in February.

A first level of that written appeal has already been rejected via the prime courtroom, where it will now be thought to be during a short lived hearing to determine any grounds to grant permission for Mallya's appeal to continue to appeal substantive hearing.