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    Synergy, Delhi-based firm show interest in Jet Airways

    Synopsis

    Synergy owns majority shares in airlines including Colombian carrier Avianca Holdings. The conglomerate had last time submitted an expression of interest in August after the August 10 deadline set by the resolution professional running the bid process.

    Agencies
    Jet Airways, India’s oldest private airline stopped operating on April 17, running out of cash to stay afloat. On June 20, India’s bankruptcy court admitted Jet under Insolvency and Bankruptcy Court.
    MUMBAI: South America’s Synergy Group and an Indian asset reconstruction company are said to have submitted initial bids for investing in bankrupt carrier .

    Indian conglomerate Hinduja Group stayed away from the bids, said a person aware of the development.

    Today was the deadline for submission for expressions of interest, extended by the committee of creditors from Jan 6.

    Synergy owns majority shares in airlines including Colombian carrier Avianca Holdings.

    The conglomerate had last time submitted an expression of interest in August after the August 10 deadline set by the resolution professional running the bid process.

    The group hasn’t, according to people in the know, submitted a binding bid for the airline.

    Jet Airways, India’s oldest private airline stopped operating on April 17, running out of cash to stay afloat. On June 20, India’s bankruptcy court admitted Jet under Insolvency and Bankruptcy Court.

    Media reports on Hinduja Group’s interest in Jet had sent the airline’s shares climbing in the stock markets.
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    3 Comments on this Story

    A Kumar413 days ago
    janta ko bewakoof banao
    SIDDA REDDY413 days ago
    this will shows how media is misleading the news
    rupesh wagh413 days ago
    what about Customers who not yet received Refund of Air Thicket?
    Read before you invest. Insights on Jet Airways (India) Ltd.. Explore Now
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