By PTI Mar 18, 2019 5:27:18 PM IST (Published)
Struggling Jet Airways on Monday said it does not have the money to pay interest to its debenture-holders, due on Tuesday.
Struggling Jet Airways on Monday said it does not have the money to pay interest to its debenture-holders, due on Tuesday.
This is the second time the airline is defaulting on its foreign debt servicing on January 2 when it defaulted on repayments on its external commercial borrowings.
The airline, which has a debt of over Rs 8,000 crore, did not specify what the quantum of interest due on Tuesday nor quantum of the debt on this particular account.