Jet Airways defaults on part repayment of ECBs
12th Mar 2019

Jet Airways has defaulted on part repayment of its external commercial borrowings on account of liquidity crunch. The part repayment of the external commercial borrowing availed by the company, for working capital purposes, falling due on March 11, 2019, has been delayed owing to temporary liquidity constraints.

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.