Jet Airways resolution gets new lifeline: Synergy gets more time to finalise plan
The committee of creditors of Jet Airways on Monday decided to give the Synergy Group, the only entity interested in buying the beleaguered airline, time till November 15 to finalise a resolution plan. The Colombian group is understood to have held discussions with the Bird Group for investment into the ailing airline, sources told FE. Bird provides aviation management and other services in India and abroad.
With the additional time given to Synergy, the resolution will likely be pushed to December, sources close to the proceedings said.
Ravi Deol, the UK-based entrepreneur who was the first CEO of the coffee chain Barista Lavassa, is also understood to have held discussions with German Efromovich, owner of the Synergy Group, sources told FE.
