But could it be a question of too little, too late? Or will Mallya find his way out of the debt quagmire that the airline finds itself in?
The financial crisis of 2008-2009 that led to a liquidity crunch, high oil prices, rising operational costs, and near defaults on oil and airport facility dues have often threatened to bring the airline to a lurching halt.
Each time, though, Mallya has managed to keep his airline flying as a going concern. The question on everyone's mind right now, though, is ‘Has Mallya flown too close to the sun?'