Tuesday, April 30, 2019

Vijay Mallya once again offers '100% payback' to Indian banks

Vijay Mallya reiterated his promise of "100 per cent payback" to state-owned Indian banks to cover the outstanding debt against his Kingfisher Airlines. The fugitive liquor baron took to Twitter on Monday to lament the downfall of Jet Airways, comparing it to the closure of Kingfisher Airlines.

Mallya wrote on his Twitter feed: "Watched TV debate on the sad collapse of Jet which included unpaid employees and Industry veterans. Important issues on unemployment and suffering, security available to Banks, prospects of revival etc. Here I am offering 100% payback of KFA loans which Banks wont take. Why?"

Jet Airways had temporarily grounded its operartions earlier this month after lenders refused to infuse funds requested by the debt-laden carrier.
29/04/19 Business Today
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