{"id":291489,"date":"2019-09-13T06:41:13","date_gmt":"2019-09-13T06:41:13","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=291489"},"modified":"2019-09-13T06:41:13","modified_gmt":"2019-09-13T06:41:13","slug":"jet-airways-synergy-group-emerges-lone-suitor-for-grounded-airline","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/jet-airways-synergy-group-emerges-lone-suitor-for-grounded-airline\/","title":{"rendered":"Jet Airways: Synergy Group emerges lone suitor for grounded airline"},"content":{"rendered":"<p>The Synergy Group, a majority stakeholder in South American Avianca Airlines, has emerged as the sole contender for the beleaguered Jet Airways. The group was the only party to sign a non-disclosure agreement (NDA) to get access to Jet\u2019s financials for conducting due diligence. The resolution professional (RP) for the grounded airline has set up meetings between the Synergy Group, Jet\u2019s lenders and the ministry of civil aviation over the next week. The group, led by Bolivian-born entrepreneur German Efromovich, is searching for an Indian partner. The RP has identified at least two Indian firms which can partner with Synergy Group, one person involved in the process said.<\/p>\n<p>Earlier this month, the RP shortlisted the Synergy Group and a Russian fund as eligible resolution applicants. The Russian fund did not provide adequate information to get vetted for the next step of the process, the source said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Synergy Group, a majority stakeholder in South American Avianca Airlines, has emerged as the sole contender for the beleaguered Jet Airways. The group was the only party to sign a non-disclosure agreement (NDA) to get access to Jet\u2019s financials for conducting due diligence. The resolution professional (RP) for the grounded airline has set up meetings between the Synergy Group, Jet\u2019s lenders and the ministry of civil aviation over the next week. The group, led by Bolivian-born entrepreneur German Efromovich, is searching for an Indian partner. The RP has identified at least two Indian firms which can partner with Synergy [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[196,130,138],"tags":[],"class_list":["post-291489","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/291489","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=291489"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/291489\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=291489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=291489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=291489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}