50 SKY SHADES - World aviation news

Vijay Mallya's personal Airbus jet to be auctioned to recover government’s dues

Download: Printable PDF Date: 15 Mar 2016 17:45 categories:
Vijay Mallya's personal Airbus jet to be auctioned to recover government’s dues - Personalities publisher
Krista Kuznecova
Country: India Aircraft: Airplanes

The long list of assets owned by Vijay Mallya, who has been in news constantly since the past few days for fleeing away from the country even though he owes state-run banks some 9000 crore rupees, has not been able to avoid the Indian government's hawk eyes.

Apparently, the government is all set to auction off Vijay Mallya's assets, which include his personal Airbus ACJ 319, so that his service tax dues of Rs 812 crore can be recovered.

Mallya's other assets that are about to be auctioned include five smaller ATRs and three helicopters belonging to Mallya's Kingfisher Airlines.

Also read: Vijay Mallya - the escapee who didn't escape, apparently

"We are going ahead with the auction," a senior Central Board of Excise & Customs (CBEC) official told ET.

Even though the tax department wanted to arrest Mallya last year, it was rebuffed by a Mumbai metropolitan magistrate on the execution of a personal recognisance bond of Rs 50 lakh. Ecen then, the tax department had argued that Mallya could leave the country and had asked the court to ask him to surrender his passport, but that didn't happen and as a result, Mallya has fled the country.

The news has come just a day after Hyderabad court had issued a non-bailable warrant against Mallya after he failed to appear in court in connection to a lawsuit by GMR Hyderabad International Airport Ltd.

Loading comments for Vijay Mallya's personal Airbus jet to be auctioned to recover government’s dues...


Falcon Aviation celebrates first year at Dubai South FBO with IS-BAH Accreditation

Falcon Aviation is celebrating the completion of its first anniversary at its FBO in the VIP Terminal at Al Maktoum International Airport (Dubai South) with the news that it has been awarded Internati...

The Russian Helicopters are preparing digital production of helicopters in Ulan-Ude

The Russian Helicopters Holding Company (part of Rostec State Corporation)  is creating the technological production model of the Ka-226T helicopters at the Ulan-Ude Aviation Plant. The digi...

American Airlines is first retrofit customer for Airbus’ new Airspace XL luggage bins on its A321 fleet

Larger overhead luggage bins offer 40 percent more storage space for carry-on bags Project includes cabin upgrades for 202 A321s Airbus takes major step into US services market with its largest...

Aero-Dienst completes 120-month Global XRS check for Global Jet

Aero-Dienst, Nuremberg, completed the most comprehensive maintenance event on a Global Express XRS to the customer’s satisfaction. The workscope of the 120-month inspection included the dism...