{"id":264442,"date":"2019-03-15T06:32:52","date_gmt":"2019-03-15T06:32:52","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=264442"},"modified":"2019-03-15T06:32:52","modified_gmt":"2019-03-15T06:32:52","slug":"jet-faces-140-m-ecb-payment-default-to-hsbc","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/jet-faces-140-m-ecb-payment-default-to-hsbc\/","title":{"rendered":"Jet faces $140-m ECB payment default to HSBC"},"content":{"rendered":"<p>Jet Airways has defaulted on a tranche payment of $31 million to HSBC that was due on March 11.<\/p>\n<p>The financially troubled carrier owes $140 million in total to HSBC. It is supposed to pay off this amount by the end of the month but analysts said unless the company gets a fresh fund infusion quickly it may default again.<\/p>\n<p>In March 2014, Jet had availed of a $140-million loan from HSBC as External Commercial Borrowing (ECB) for five years. According to the agreement, the airline had to repay the dues in two tranches. Tranche A worth $31 million was due on March 11 and tranche B worth $109 million is due on March 28.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jet Airways has defaulted on a tranche payment of $31 million to HSBC that was due on March 11. The financially troubled carrier owes $140 million in total to HSBC. It is supposed to pay off this amount by the end of the month but analysts said unless the company gets a fresh fund infusion quickly it may default again. In March 2014, Jet had availed of a $140-million loan from HSBC as External Commercial Borrowing (ECB) for five years. According to the agreement, the airline had to repay the dues in two tranches. Tranche A worth $31 million was [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-264442","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/264442","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=264442"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/264442\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=264442"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=264442"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=264442"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}