Mallaya asked banks to use his money to save Jet Airways

A day after the government announcement of Public Sector Banks (PSUs) bailout plan for Jet Airways, businessman Vijay Mallya lashed out at the PSUs for “double standards” under the Modi regime as the same lenders made his Kingfisher Airlines fail. Mallya also blamed the government for not doing anything for him.

The embattled liquor baron in a series of tweets reacted sharply to State Bank of India-led consortium taking management control of the cash-strapped Jet Airways saying that he wished the same was done for Kingfisher as well.

He said he was happy to see that PSU Banks have bailed out Jet Airways saving jobs, connectivity and enterprise.

He further added that the same PSU Banks let India’s finest airline with the best employees and connectivity fail ruthlessly. He called it double standards under NDA.

Mallya, who is facing extradition to India from the UK, rued that his efforts to save Kingfisher Airlines were “not recognised and instead slammed in every possible way”.

He said he invested over Rs 4,000 crores into Kingfisher Airlines to save the company and its employees.

He also came down heavily at the BJP for meting out differential treatment to Kingfisher and Jet Airways.

Mallaya added that BJP spokesman eloquently read out my letters to PM Manmohan Singh and alleged that PSU Banks under the UPA Government had wrongly supported Kingfisher Airlines.

He further went on to say that media decimated him for writing to the current PM. He said he wonders what has changed now under the NDA Government.

Mallya offered the PSU banks to pay off dues of the Jet Aiways from his assets.  Mallaya said that has placed liquid assets before the Hon’ble Karnataka High Court to pay off the PSU Banks and all other creditors. He asked why banks did not take his money. He said it would help them to save Jet Airways if nothing else.

Mallya’s Kingfisher Airlines had face similar crisis as Jet back in 2012 causing the airline to go bankrupt and resultant losses running into millions, lessors, job losses and massive writedowns by banks.

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