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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

AVIONEWS - World Aeronautical Press Agency
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