Monday, May 20th 12:44 AM IST
Vijay Mallya IMAGE.
If you thought Mallya was in a terrible financial shape, digest this: Mallya is now shifting his one and only private jet to a safe haven ( his UB group) to prevent frustrated lenders from attaching it for recovering dues.

At a time when lenders to bankrupt Kingfisher Airlines are assessing the possibility of liquidating non-core assets like real estate of the shrinking airline, the UB Group has shifted the ownership of a customised corporate jet used by promoter Vijay Mallya from Kingfisher Airlines to a group holding firm, says an emEconomic Times/em a href=http://economictimes.indiatimes.com/news/news-by-industry/transportation/airlines-/-aviation/ub-group-shifts-ownership-of-vijay-mallyas-corporate-jet-to-holding-company/articleshow/14814701.cms?curpg=1report today/a.

[caption id=attachment_374164 align=alignleft width=380

If you thought Mallya was in a terrible financial shape, digest this: Mallya is now shifting his one and only private jet to a safe haven ( his UB group) to prevent frustrated lenders from attaching it for recovering dues. At a time when lenders to bankrupt Kingfisher Airlines are assessing the possibility of liquidating non-core assets like real estate of the shrinking airline, the UB Group has shifted the ownership of a customised corporate jet used by promoter Vijay Mallya from Kingfisher Airlines to a group holding firm, says an emEconomic Times/em a href=http://economictimes.indiatimes.com/news/news-by-industry/transportation/airlines-/-aviation/ub-group-shifts-ownership-of-vijay-mallyas-corporate-jet-to-holding-company/articleshow/14814701.cms?curpg=1report today/a. [caption id=attachment_374164 align=alignleft width=380