Vijay Mallya asks banks to take his money and save Jet Airways

A day after the Indian government's direction for banks to assist Jet Airways from bankruptcy by offering a cash pump of ₹1,500 crore, Vijay Mallya, owner of the now defunct Kingfisher Airlines, has criticised the Modi government for not doing anything for him.

Mallya took Twitter to express his disappointment and in a series of tweets, he said that his attempts to save Kingfisher 'were not recognised' and is being criticised for no reason. He also lashed the present NDA regime, alleging "double standards". 

And 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.

— Vijay Mallya (@TheVijayMallya) March 26, 2019

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

— Vijay Mallya (@TheVijayMallya) March 25, 2019

Meanwhile, the Kingfisher owner asked the PSU banks to take his offer and save Jet Airways.

Also Read: Vijay Mallya Likely To Be Brought Back As UK Home Secretary Approves Extradition Order

Mallya had stated that he wanted to pay the pending salaries of his employees utilising deposits accumulating in the Karnataka HC over his ₹1,280 crore deposits made in 2013.

On Monday, the Jet Airways' founder and chairman Naresh Goyal and his wife had announced that they will exit the board, thus paving way for the funds' infusion in Jet Airways. It is expected that Indian lenders, led by the State Bank of India (SBI), would become majority shareholders in the airline.