"We would like to stress we have not agreed any financial settlement with Ferrari, " added Mallya.
Owned by billionaire Vijay Mallya, Kingfisher Airlines has seen its fortunes plummet in recent years.
Vijay Mallya, the boss of the Force India team, said he supported Mosley's proposal "totally".
Forbes billionaire Vijay Mallya seems to be silently watching his beloved Kingfisher Airlines erode into dust.
FORBES: As Kingfisher Erodes, IndiGo Becomes India's Top Airline
MUMBAI Efforts by Indian liquor-industry billionaire Vijay Mallya to keep his Kingfisher Airlines Ltd.
WSJ: India's Kingfisher Airlines Comes Under More Pressure From Banks
Now the beleaguered airline owned by Indian beer magnate-turned-flyboy Vijay Mallya is finally getting buried.
FORBES: On Verge Of Bankruptcy, Kingfisher Airlines Loses Airplanes
Mr. Mallya said last week that it is seeking government permission to resume flying.
Kingfisher Airlines--controlled by liquor and beer mogul Vijay Mallya--has been the worst hit.
On Thursday, Mallya told striking pilots that they should just quit the company altogether.
FORBES: Indian Billionaire Airline Owner Tells Striking Pilots To Quit
Indian billionaires like Mukesh Ambani bought franchises as did the flamboyant tycoon Vijay Mallya.
No doubt the sober image Mr Mallya has adopted is designed to impress them.
"This year there is even more to be optimistic about, " said team owner and principal Vijay Mallya.
Mr Mallya presumably knows this (he could not, in any case, afford to bail out the airline).
Mr Mallya announced that he was in talks to sell a stake in his debt-laden Kingfisher Airlines.
This would essentially force Mallya to make heart wrenching decisions as to the future of that beleaguered airline.
FORBES: India's Ailing Kingfisher Airlines Asked To Leave Airports
Mallya alone will need to pull a rabbit out of his hat to save this airline in 2013.
FORBES: India Billionaire Watching His Kingfisher Airlines Disappear
Forbes billionaire Vijay Mallya, the owner of struggling and grounded Kingfisher Airlines cannot cut a break.
FORBES: Lenders 'Not Impressed' With Indian Billionaire's Dying Kingfisher Airline
Mr Mallya had said discussions were ongoing for overseas carriers to potentially take a stake in the airline.
The deal will help Mr Mallya reduce United Spirits' debts and free up funds for his embattled Kingfisher Airline.
Bangalore's owner Vijay Mallya said he was prepared to pay more for Pietersen.
It begs the question: does Mallya want to save Kingfisher or is he looking for some type of bailout?
FORBES: Lenders 'Not Impressed' With Indian Billionaire's Dying Kingfisher Airline
If they were payable, banks in India would feel confident lending money to Mallya, until now a successful businessman.
FORBES: India Billionaire Watching His Kingfisher Airlines Disappear
In late 2012, rumors spread that Etihad was courting both Jet and Kingfisher Airlines, owned by Indian ex-billionaire Vijay Mallya.
FORBES: Etihad Airways First To Take Advantage Of India's Newly Opened Airline Market
Mallya and his management team at Kingfisher have been unable to devise an acceptable plan to keep the airline in business.
Indeed, Mallya has extended an olive branch to employees this week asking for their support in getting the company operational once more.
Mallya has been unable to come up with a satisfactory revival plan and so banks have refused additional funding or loan extensions.
FORBES: Billionaire's Kingfisher Airlines Loses Supreme Court Plea; Can't Pay Workers
Diageo, whose brands include Johnnie Walker, Guinness and Smirnoff, will get a 53.4% share in Indian liquor baron Vijay Mallya's United Spirits.
The plan includes no-objection certificates from lenders and others like fuel suppliers, as well as payment of overdue salaries, Mr. Mallya said.
Mallya is one of the richest and most popular men in India.
FORBES: Forced Bankruptcy A Possibility For Mallya's Kingfisher Airlines
Interbrew and South African Breweries wanted a 51% stake in the Indian company - a holding Mr Mallya was reluctant to allow.
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