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Synergy Group, a South American conglomerate that owns majority shares in airlines including Colombian carrier Avianca Holdings, has submitted a fresh expression of interest for investing in bankrupt carrier Jet Airways, said a person in the know.
The conglomerate submitted the EOI after several extensions of the deadline to submit one.
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 after running out of cash to stay afloat. On June 20, India’s bankruptcy court admitted Jet under the Insolvency and Bankruptcy Code.
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