South America’s Synergy Group submits new bid for Jet Airways

Photo: Abhijit Bhatlekar/Mint

South America’s Synergy Group has submitted a fresh bid for Jet Airways (India) Ltd which was grounded in April, the Brazil-headquartered group’s legal adviser said.

“I am pleased to inform you that today (Monday) Synergy has presented a fresh EoI (expression of interest) to purchase Jet Airways,” said a statement from Antonio Guizzetti, president of Guizzetti and Associates. The Washington-based law firm is advising Synergy, led by South American tycoon Germán Efromovich.

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