KM Financial Solutions | UPDATE 1-India’s Jet Airways defaults on debt payment to banks, shares drop
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UPDATE 1-India’s Jet Airways defaults on debt payment to banks, shares drop

UPDATE 1-India’s Jet Airways defaults on debt payment to banks, shares drop

Cash-strapped Jet Airways Ltd
said late Tuesday it defaulted on debt payment to a consortium
of Indian banks, prompting ratings agency ICRA to downgrade the
carrier and sending its shares sharply lower.

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