Synergy Group in talks with lenders, govt on grounded Jet Airways revival

South America-based Synergy Group, which has emerged the sole suitor for defunct Jet Airways, is said to have met the lenders of the airline on Monday to discuss its revival plans.

A source privy to the development said the group’s representatives were planning to meet aviation ministry officials this week before taking a call on whether to send a team for detailed due diligence.  

Synergy Group is a majority shareholder in South America’s Avianca Airlines. Germán Efromovich, who leads the group, has arrived in India to discuss matters related to Jet. “So far, the talks with Synergy Group have been positive. They