United Breweries is the prime target for those intending to conquer the Indian beer market.
Three-quarters of United Breweries' remaining stake is pledged with lenders, meaning that could be sold too.
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Instead, one time he said that he was busy traveling on business for United Breweries.
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Massey's Burnley Brewery was taken over by Charrington United Breweries Ltd. in 1966 and came under Charrington Lancashire Breweries Ltd.
BBC: If you live in Burney, you must have heard of Massey's.
To save his ailing airline, Kingfisher, he might have to sell huge stakes in his successful beverage giant, United Breweries.
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Flamboyant liquor tycoon, who sports diamond ear studs even to business meetings, took over the United Breweries group from late father in 1983.
Last April, United Breweries' chairman Vijay Mallya said he wanted to find a partner to help it market its famous Kingfisher beer internationally.
He is known for his United Breweries, a beverage behemoth that owns the Kingfisher beer brand, for which his airline is named and branded after.
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In return this partner would benefit from United Breweries' Indian expertise.
Mallya also runs the profitable United Breweries Group (NSE: UBHOLDINGS), owners of the popular Kingfisher beer label, so he has plenty of money to fund the airline.
The airline, named after his flagship beer brand at United Breweries, has been grounded since late 2012 after failing to pay employees and canceling a number of flights.
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Rajesh Jain from Pranav Securities in Bombay told the BBC's World Business Report that easier flow of consumer goods across borders and changes in purchasing habits may threaten United Breweries (UB) position.
"Choosing Carlsberg or Heineken would mean bringing in global brands that could swamp Kingfisher, and SAB has started establishing a presence in India, which could at some point threaten United Breweries, " one banker said.
At this point, one might wonder if Mallya, who has tons of money in his inherited United Breweries giant, the third largest beverage company in the world, is even interested in keeping Kingfisher airborne.
United Breweries wants a partner that will not threaten Kingfisher in its domestic market and some say Interbrew, which is reported to be in talks with the Indian brewery at present, is the prime candidate.
Barring a sudden change of heart from Mallya, who seems unable to save this airline by tapping assets from his United Breweries Holding company, it is hard to see how Kingfisher Airlines survives the year.
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Colorado has the second most breweries in the United States, the great majority of which make small-batch craft brews.
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But this is a significant shift for a country that is statistically the world's third heaviest chugger of beer after the Czech Republic and Ireland, and which has the largest number of breweries after the United States, with about 1, 300.
Craft beers are now brewed across the United States, and the number of small breweries has shot up exponentially in the past few decades.
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