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Jet Airways defaults on debt payment to banks, shares drop
(Reuters) - 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.....Jet and its second-largest shareholder, Etihad Airways, are in talks with bankers on a rescue deal.... (finance.yahoo.com) Plus d'info...
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So they have taken delivery of 5/219 B737 Max’s........they are going to need a bailout soon? I still have 5,000 rupees they can have!
Touche!
With the world economy going down this year we just might see the last of Jet Airways.
