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Jet Airways rating downgraded at the defaulted company level

Concrete bankruptcy risk for the carrier

After yesterday the airline Jet Airways asked the creditor banks to postpone the payment of the debt installments due to the absence of liquidity in cash, the shares on the Stock Exchange fell and the Indian rating agencies downgraded the debt to "D", or what is given to companies in default or almost. The huge debt, the difficulties in paying salaries, the fees of leased aircraft and the cash problems...

M/A - 1217495
Delhi, India, 01/03/2019 15:30
AVIONEWS - World Aeronautical Press Agency

AirlinesJet Airways: note about its situation

It denies rumors and speculations appeared in the media

We receive by the carrier Jet Airways and publish the press release issued on the situation of the Indian airline and resolution plan:"We refer to the various media reports concerning a communication alleged... more

AirlinesJet Airways: bank loan to "save" the carrier?

Tomorrow will be a meeting between the company's top management and the debtors

Jet Airways would be very close to sign an agreement with the State bank of India for a new loan of $ 215 million that would allow it to re-enter precious cash at the cash desk, managing to pay back wages... more

AirlinesJet Airways asks for postponement of payment of debts

The economic situation of the carrier is increasingly complicated

Jet Airways would have requested yesterday from some Indian banks to postpone the payment of the installment to pay off the debts, thus increasing doubts about the possible survival of the carrier, which... more

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