Vijay Mallya's luxury jet is yet to find home, even after five years

DGCA is yet to deregister the aircraft three months after the auction

Five years after billionaire liquor-baron Vijay Mallya’s luxury jet was impounded by the government, it is yet to find a home. A Florida-based company that won the auction for the jet is now running from pillar-to-post, unable to take possession of the aircraft despite winning it in a court-monitored auction process. Meanwhile, the A319 aircraft, bearing the registration VT-VJM — after the fugitive tycoon’s initials, stands at one corner of the Mumbai airport occupying precious parking space.

The company, Aviation Management Sales, is mulling moving the Bombay High Court as it now faces the prospect of paying penalty because of