In bad times, Mallya's luxury jet awaits a buyer

In bad times, Mallya's luxury jet awaits a buyer

 Waiting to be auctioned off by tax authorities for recovery of their dues, Vijay Mallya’s private luxury jet is reminiscent of his high-flying days — interspersed with plush sofas, a cushioned bed, bars, showers and even a bathrobe.

As banks seek to recover dues worth over Rs 9,400 crore in loans and interest from Mallya’s long-grounded Kingfisher Airlines, the Service Tax Department is trying hard to sell off his 25-seater personal jet to recover its over Rs 500 crore dues.

The Airbus plane is among the many properties of the businessman that are on the block.

Reflecting the personalised ways of Mallya, the interior of the plane has also got at multiple spots the winged horse perched over the bold initials ‘UB’. The pictures shared with the prospective bidders also show a bathrobe placed on a hanger inside a wardrobe.

The Airbus A319-133CJ is on the block with the condition ‘As Is Where Is, As Is What Is, Whatever There Is and No Complaint basis’.

Auction of the aircraft, originally scheduled for May 12-13, has been postponed to June 29-30, as only one bidder turned up in the earlier attempt.

Among others, the interested party is required to deposit a pre-bid amount of Rs 1 crore to participate in the auction, to be conducted by state-owned MSTC.

However, response to the proposed sales of Mallya’s other assets has also not been encouraging so far. Efforts of a consortium of banks, last month, to sell his airline’s erstwhile headquarters ‘Kingfisher House’ failed at the high reserve price of Rs 150 crore.

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