Crisis-hit Jet AirwaysNSE 1.23 %, where lenders are set to take control under a debt resolution plan, Thursday said it has delayed repayment of overseas borrowing due to “temporary liquidity constraints”.
This is at least the fourth time that the airline has defaulted on debt repayment in recent months.
After weeks of speculations and uncertainties over the future course of Jet Airways, which has grounded over 80 planes due to financial woes, the airline’s board Monday approved a resolution plan formulated by SBI-led domestic lenders.
