Liquor baron Vijay Mallya's 11-seater private jet has been sold for scrap to pay for the dues on his grounded carrier Kingfisher Airlines at the Mumbai International Airport.
Mumbai International Airport has auctioned his jet for Rs. 22 lakh, according to Mid Day. The buyer, Silent Enterprises, will reportedly recover the amount spent on it by selling its various parts as scrap.
The process of dismantling, Mid Day reported, which started on April 6, is expected to completed by next week. Workers are working for eight hours everyday to finish the job, the report said.
“We are currently dismantling the engine of the mid-sized jet, which is the most difficult part to dismantle. Though we have been working on the aircraft for eight days now, we will need at least four more days to complete the work. We expect to get 6.5 tonnes of scrap metal from the jet," a supervisor told the Mumbai-based news outlet.
“It gets difficult to work in the afternoon, but the workers maintain their shift timings. The parts of the aircraft, once dismantled, are taken to Khairani Road in Kurla, where the scrap yard is located, and dumped there," another supervisor said.
After incurring huge losses, and failing to pay its employees, Kingfisher Airlines was grounded in October 2012 and its license was canceled in December. Mallya could also lose the Rs 100-crore worth Kingfisher House at Mumbai's Vile Parle, Business Today reported.
Thursday, January 7, 2016
Vijay Mallya's Private Jet Sold For Scrap To Recover Kingfisher Airlines Dues
Liquor baron Vijay Mallya's 11-seater private jet has been sold for scrap to pay for the dues on his grounded carrier Kingfisher Airlines at the Mumbai International Airport.
Mumbai International Airport has auctioned his jet for Rs. 22 lakh, according to Mid Day. The buyer, Silent Enterprises, will reportedly recover the amount spent on it by selling its various parts as scrap.
The process of dismantling, Mid Day reported, which started on April 6, is expected to completed by next week. Workers are working for eight hours everyday to finish the job, the report said.
“We are currently dismantling the engine of the mid-sized jet, which is the most difficult part to dismantle. Though we have been working on the aircraft for eight days now, we will need at least four more days to complete the work. We expect to get 6.5 tonnes of scrap metal from the jet," a supervisor told the Mumbai-based news outlet.
“It gets difficult to work in the afternoon, but the workers maintain their shift timings. The parts of the aircraft, once dismantled, are taken to Khairani Road in Kurla, where the scrap yard is located, and dumped there," another supervisor said.
After incurring huge losses, and failing to pay its employees, Kingfisher Airlines was grounded in October 2012 and its license was canceled in December. Mallya could also lose the Rs 100-crore worth Kingfisher House at Mumbai's Vile Parle, Business Today reported.
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