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I feel sorry for Jet Airways: Vijay Mallya

NEW DELHI: Fugitive businessman and Kingfisher Airlines founder, Vijay Mallya extended his sympathies to collapsing Jet Airways which reels beneath cash crunch resulting in a conceivable shutdown.

Mallya took to twitter and said that even supposing Jet Airways used to be a competitor of Kingfisher Airlines, its failure is saddening underlining discrimination between Public Sector airways like Air India which used to be rescued with public budget and personal airline like Jet Airways.

Extending sympathy for Jet founder Naresh Goel and spouse Neeta Goyal, Mallya said that India should be "extremely proud" of a "fine airline" comparable to Jet Airways for providing "vital connectivity and class service". He further questioned why such a lot of airways have failed lately.

He further reiterated that regardless of his offer to pay back 100 in step with cent of his financial institution loans he used to be being criminally charged as a substitute, calling it "Airline Karma".

Mallya further added that his offer to pay back his loans stands regardless of the place he is–in London or in an Indian jail– as he does not feel "spooked" by way of probabilities of extradition.

Jet Airways on Tuesday sent a final SOS to banks for immediate unlock of at least Rs 400 crore to avoid a whole shutdown by way of end of day. While it's still waiting to listen to from banks, aviation authorities have meanwhile started frantic efforts to rein in runaway fares as a fallout of Jet — which had a fleet dimension of 124 closing November — is operating just five planes as of Tuesday.

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