Top
Begin typing your search above and press return to search.
Madhyamam
    keyboard_arrow_down
    Login
    exit_to_app
    Farmer rage and Opposition parties
    access_time 19 Sep 2020 6:51 AM GMT
    Political Parties have Failed People
    access_time 18 Sep 2020 8:05 AM GMT
    Going beyond birthday celebration
    access_time 18 Sep 2020 6:05 AM GMT
    Periyar@142-Revolutionary and Visionary
    access_time 17 Sep 2020 11:57 AM GMT
    The word of caution from the highest court
    access_time 17 Sep 2020 6:31 AM GMT
    access_time 16 Sep 2020 5:58 AM GMT
    DEEP READAll arrow_drop_down
    The ogres in the mind
    access_time 8 Sep 2020 11:27 AM GMT
    Why worry about populism?
    access_time 4 Sep 2020 9:51 AM GMT
    Media mind-set towards minorities
    access_time 15 July 2020 4:29 PM GMT
    exit_to_app
    Homechevron_rightBusinesschevron_rightJet Airways defaults...

    Jet Airways defaults on loan repayments to banks

    text_fields
    bookmark_border
    Jet Airways defaults on loan repayments to banks
    cancel

    New Delhi:  Crisis-hit Jet Airways Wednesday said it has defaulted on loan repayments to banks, according to a filing.

    The full service carrier has been grappling with financial woes for quite some time now and has been making delayed salary payments to staff.

    "Payment of interest and principal installment due to the consortium of Indian Banks (led by State Bank of India) on December 31, 2018 has been delayed due to temporary cashflow mismatch," the company said in a regulatory filing.

    The company has engaged with them (banks) in relation to the same, Jet Airways added.

    Shares of Jet Airways were trading lower by 2.01 per cent at 275.40 on the BSE in morning trade.

    Show Full Article
    TAGS:
    Next Story