Jet Airways bank payment default

Jet Airways shares tank over 6 % over debt payment defaults

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

Jan 02, 2019, 16:15 PM IST

Jet Airways defaults on debt payment to banks

The 25-year-old airline is facing financial difficulties and owes money to pilots, lessors and vendors. Intense pricing competition, a weak rupee and rising fuel costs weighed on Indian airlines in 2018.

Jan 02, 2019, 09:22 AM IST