Bangalore: The Kingfisher airways chief and beer industrialist(UB) Vijay Mallya, has written to state government this week, to allow him to  import aircraft fuel from abroad on lower interest rates, thereby providing him a chance to restructure the losses of king fisher, running into Rs6,000 crores.

The private airways, in second quarter alone ending 30-09-2011, had reported a net loss of Rs468.66 crores, to be added on to all the earlier loss amounts in 2011.

In his letter to DG-FT, he pleaded that aircraft fuel was reaching 40% of running expenses due to tax burdens incurred from various states. It Mallya is given permission to bring ATF oil into India, all other arrangements of internal transport would be borne by him, he told DGFT in a letter recently.

Under Foreign Trade rules, only the Government can invalve in such deals via IOC and other state undertakings.

However, Director General, Foreign Trade can make exceptions on humanitarian grounds in certain cases.

In 2008, a kingfisher application in similar conditions, was refused. The Central ministers of Petroleum and Civil Aviation are also to be consulted in 2011.