South America\u2019s Synergy Group Corp is planning to pick up 49 per cent stake in Jet Airways. It will discuss co-investment options with its lenders and infrastructure companies, the group\u2019s advisor told Business Standard. Synergy Group Corp, which owns majority stake in Avianca Airlines, South America\u2019s second-largest airline, submitted an expression of interest last week to revive the grounded airline. <\/p>\n
It\u2019s Bolivian born founder German Efromovich will visit India next month to discuss investment options with Jet\u2019s lenders and Indian infrastructure companies. Government norms mandate that substantial ownership and effective control of an airline must rest with Indian citizens.<\/p>\n","protected":false},"excerpt":{"rendered":"
South America\u2019s Synergy Group Corp is planning to pick up 49 per cent stake in Jet Airways. It will discuss co-investment options with its lenders and infrastructure companies, the group\u2019s advisor told Business Standard. Synergy Group Corp, which owns majority stake in Avianca Airlines, South America\u2019s second-largest airline, submitted an expression of interest last week to revive the grounded airline. It\u2019s Bolivian born founder German Efromovich will visit India next month to discuss investment options with Jet\u2019s lenders and Indian infrastructure companies. Government norms mandate that substantial ownership and effective control of an airline must rest with Indian citizens.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-289215","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/289215","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=289215"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/289215\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=289215"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=289215"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=289215"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}