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.
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Jet Airways defaults on debt payment amid cash crunch
Failure to pay banks on time triggers stock slump, credit rating cut
A Jet Airways Boeing 737-800 passenger plane moves on the runway at an airport in New Delhi on Aug. 27, 2018.
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