Jet crisis: Lenders extend deadline for EoIs to August 31

The Committee of Creditors (CoC) of Jet Airways on Monday decided to extend the deadline to receive expressions of interest (EoIs) for acquiring the airline to August 31. This has been done to accommodate a potential bid from South America’s Synergy Group.

Synergy Group Corp, a conglomerate owned by Germán Efromovich, is headquartered in Rio de Janeiro, Brazil. It operates several airlines in South America including Avianca Holdings.

Though Synergy Group has not made a formal bid so far, Grant Thornton Advisory’s Ashish Chhawchharia, who has been appointed Jet’s resolution professional (RP), will engage with it to gauge its interest levels.