New Delhi: After two unsuccessful attempts to auction debt-ridden liquor baron Vijay Mallya’s personal aircraft Airbus A319-133 CJ, the service tax department on Monday issued online bids for the sale of the corporate jet yet again to recover dues of Rs 800 crore from defunct Kingfisher Airlines. Ganesh Yadav, a senior official with the state-run MSTC Limited, which is conducting the e-auction for the sale of the aircraft said they have not been able to get potential buyers and so they have put the aircraft up for re-auction for the third time.
“The global online e-auction for the aircraft will be held on March 15 and 16. We will conclude it only if we get a good deal,” the official explained, adding that they are yet to take a call on auctioning off five ATR aircraft and two helicopters of KFA that were also confiscated by the service tax department in December 2013. According to airlines sources, Mallya's lavish corporate jet aircraft is worth over Rs 550 crore but the government has been able to get a little over Rs 100 crore through previous global auction. "Clearly nobody wants to ride on a horse, whose owner has not serviced and taken care of it well over the years," said an industry official.
Other than Mallya’s jet, five ATR aircraft and two helicopters of the defunct Kingfisher Airlines have been confiscated by the department in December 2013. These planes are currently at Mumbai International Airport. The department, which seized the Airbus A319 (of the defunct Kingfisher Airlines) in December 2013, had appointed Air India as a technical consultant for the sale of the aircraft. Kingfisher Airlines was grounded in October 2012.
30/01/17 Sanjay Singh/New Indian Express
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“The global online e-auction for the aircraft will be held on March 15 and 16. We will conclude it only if we get a good deal,” the official explained, adding that they are yet to take a call on auctioning off five ATR aircraft and two helicopters of KFA that were also confiscated by the service tax department in December 2013. According to airlines sources, Mallya's lavish corporate jet aircraft is worth over Rs 550 crore but the government has been able to get a little over Rs 100 crore through previous global auction. "Clearly nobody wants to ride on a horse, whose owner has not serviced and taken care of it well over the years," said an industry official.
Other than Mallya’s jet, five ATR aircraft and two helicopters of the defunct Kingfisher Airlines have been confiscated by the department in December 2013. These planes are currently at Mumbai International Airport. The department, which seized the Airbus A319 (of the defunct Kingfisher Airlines) in December 2013, had appointed Air India as a technical consultant for the sale of the aircraft. Kingfisher Airlines was grounded in October 2012.
30/01/17 Sanjay Singh/New Indian Express
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