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Jet Airways again misses $109mn payment to HSBC, says report

Mar 29, 2019 16:44 IST

Jet Airways has reportedly again missed the deadline to repay dues to HSBC Bank this week. The debt-laden carrier has defaulted on a $109 million loan repayment, which was part of a two-tranche facility given by the bank in 2014. Jet had earlier missed the payment of the other tranche totalling $31 million due on March 11 and has not repaid any of the loan yet.

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