Synergy ready to take majority stake in Jet Airways, but conditions apply3 min read 02 Sep 2019, 11:28 PM IST
Synergy wants Jet Airways’ lenders to agree to take a deep haircut and convert their debt into equity
Synergy runs several airlines in South America, including Colombian carrier Avianca Holdings, the region’s second largest airline
NEW DELHI : 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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