The National Company Law Tribunal (NCLT) on Thursday told representatives of the Colombian Synergy Group to “take a decision early” on Jet Airways. Synergy Group Corp chief operating officer Michael Welch told the two-member bench of the NCLT on Thursday that the group is ready to invest in Jet Airways only if certain conditions are met.
Welch told the tribunal that the Synergy Group has put forth conditions that need to be met to safeguard the interest of its stakeholders, including formation of a new company free of the liabilities of Jet Airways, assurance on slots in India, London Heathrow Airport and the Schiphol Airport in Amsterdam. Synergy also wanted other assets including erstwhile airport operating rights of Jet Airways, Welch told the tribunal. London Heathrow Airport slots were “absolutely critical” priority for Synergy group, he said.
