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Synergy Group
Synergy Group is a South American conglomerate owned by Bolivian-born German Efromovich, an entrepreneur holding dual citizenship of Colombia and Brazil.
The group operates several airlines in South America and one in Africa, and is active in the exploration of oil and natural gas throughout the region. Furthermore, it operates hydroelectric powerplants and participates in the construction of telecommunications infrastrucuture.
Synergy Aerospace is a sub-division of Synergy Group headquartered in Bogota, Colombia. With CEO Juan Emilio Posada, it is a company with holdings in six airlines in four countries. These are Avianca and (SAM) (Tampa Cargo) in Colombia, in Brazil (VarigLog) and (OceanAir), in Ecuador (VIP and Aerogal), and Capital Airlines in Nigeria.
"Synergy Group" are in talks to integrate the airline and companies of "Grupo Taca" with "Avianca" under a "holding company" of the Synergy Group to be named "Avianca-TACA." The "Synergy Group" will own 66.66% of the newly created subsidiary company. Kingsland Holdings, Ltd., will own the other 33.33% of Avianca-TACA.
It remains unclear as of yet, if the Synergy Group will be retaining the minority, shareholdings "Grupo TACA" has in Islena Airlines and Volaris (Airlines). Presently "Grupo TACA" owns only (20%) of Islena Airlines .
"Volaris;" "the only" "codeshare partner of Southwest Airlines" in the United States, is (25%) owned by Grupo TACA, until the acquisition or divestiture by the Synergy Group is completed.
See also
List of " Firms" with "IATA coded air carrier" "business holdings or subsidiaries" in South America
External links
Edvaldo Pereira Lima, "Avianca Aims for Latin Leadership", Air Transport World, June 2005
Ecopetrol interview with Synergy Group head German Efromovich, May-June 2005
El Espectador newspaper in colombia avianca-se-integra-taca
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This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article Synergy Group
