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Jet Airways defaults on debt payment to banks led by SBI

02 Jan 2019 Evaluate

Jet Airways has delayed the payment of interest and principal installment to the consortium of Indian banks (led by State Bank of India (SBI)), due to temporary cashflow mismatch and the company has engaged with them in relation to the same. The deadline for the payment was December 31, 2018.

Jet Airways is India’s premier international airline, which operates flights to India and overseas. The company’s robust domestic India network spans the length and breadth of the country covering metro cities, state capitals and emerging destinations.

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