Banks Scrap Bizjet Owned by India's Vijay Mallya | Aviation International News

Banks Scrap Bizjet Owned by India's Vijay Mallya

A Hawker 700 owned by Indian tycoon Vijay Mallya was sold for a scrap value of just $34,540.

A Hawker 700 operated by Kingfisher Airlines founder Vijay Mallya has been scrapped in Mumbai. (Photo: Vishal Jolapara)

By Neelam Mathews

April 28, 2015

A bank consortium seized and scrapped a jet owned by Indian beverage and airline tycoon Vijay Mallya to recover money owed to it. The 31-year-old Hawker 700 was repossessed at Mumbai’s Chhatrapati Shivaji International Airport earlier this month, having been parked there for more than three years. The aircraft, which carried the livery of Mallya’s now-defunct Kingfisher Airlines, has been sold to Silent Enterprises, a scrap dealer in India, for just $34,540.

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