MUMBAI (NewsRise) -- Jet Airways India, the nation’s largest full-service carrier, defaulted on its debt repayment, triggering another rating downgrade and a slump in its stock, as intense competition and high cost of operations cast a pall on the south Asian nation's aviation industry.
The Mumbai-based company has delayed payments to a consortium of banks led by State Bank of India, it said in a stock exchange statement. The payment of interest and principal installment due
