India’s Jet Airways continues to seek fresh capital to secure its future after the carrier defaulted on a debt payment. On Jan. 1, the company informed the National Stock Exchange of India that the payment of “interest and principal installment … to the consortium of Indian Banks (led by State Bank of India) on [Dec. 31] has been delayed due to temporary cashflow mismatch.” Jet said it has “engaged with” the lenders in relation to the default. In a ...

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