Jet Airways: Synergy meets govt officials to discuss airline’s revival

The Synergy Group, the sole suitor for Jet Airways, met with govt officials Wednesday to discuss the revival of the grounded airline. The group, promoted by German Efromovich, sought assurance from the govt on recovery of Jet’s slots. The govt sought clarity whether the group’s business proposal was compliant with Indian foreign direct investment (FDI) rules, sources said. The Synergy Group will also send a technical team to evaluate Jet’s assets, sources indicated to FE. The slots of Jet Airways, which has been grounded for the past 5 months, have been reallocated to other airlines till March 2020. The govt, however, has serious concerns on whether the investment from the Synergy Group will comply with Indian FDI rules, as the group is yet to find an Indian partner. <br/>