Jet Airways misses loan repayment for the first time ever
Naresh Goyal-led cash-strapped Jet Airways has delayed the payment of interest and principal instalment to an SBI-led consortium due on December 31. This is the first time that the Mumbai-based carrier has defaulted on debt repayment. Jet Airways has reported three consecutive quarterly losses of over â¹1,000 crore each and already has over â¹8,000 crore of debt on its books.