Synergy Group gives new expression of interest for beleaguered Jet Airways

South America-based Synergy Group has again given a formal Expression of Interest (EoI) for beleaguered Jet Airways, sources said.

The latest deadline for EoI applications is January 15, the Committee of Creditors (CoC) had decided at their latest meeting.

There were reports that the Hinduja Group would also apply but the sources say this is yet to happen.

Synergy had given an EoI for Jet in the first round of bidding. However, it failed to give a debt resolution plan for the airline company, even after getting several extensions. The lenders subsequently decided to call afresh for EoIs.

Synergy is led by Bolivian-born Germán Efromovich. It owns majority stake in Avianca Airlines, the continent’s second largest.