Synergy’s Efromovich to seek clarity on Jet Airways’ slots at major airports

Mumbai/New Delhi: Synergy Group founder Germán Efromovich met lenders to Jet Airways (India) Ltd in Mumbai in the last two days as part of the South American company’s initial due diligence process to buy a significant stake in the grounded Indian airline, said a person with direct knowledge of the matter.

Efromovich, the 69-year-old Bolivian-born entrepreneur, wanted to understand the operations and finances of Jet Airways and also the situation that led to the grounding of the airline, the person mentioned above said under the condition of anonymity.

“Efromovich, who seems to be on a reconnaissance trip, also wanted to gauge bankers’ interest in revival of the airline (Jet Airways),” the person said, adding that the businessman is slated to meet officials at the civil aviation ministry to understand the future of slots held by Jet Airways at major domestic and international airports.