Synergy open to pick majority in Jet Airways if lenders agree to convert debt into equity

Synergy open to pick majority in Jet Airways if lenders agree to convert debt into equity

REUTERS/Francis Mascarenhas

Synergy Group Corp., one of the three potential investors for Jet Airways (India) Ltd, is willing to take a majority stake in the grounded airline if lenders agree to take a deep haircut and convert their debt into equity, a representative of the South American company said.

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