Wikipedia

Synergy Group

Synergy Group Corp.is aSouth Americanconglomeratecreated and owned byGermán Efromovich.The group is headquartered inRio de Janeiro,Brazil.[1]It operates severalairlinesinSouth America,among which areAvianca Group(formerly Avianca Holdings & AviancaTaca Holding), with a 66.66% stake,[2]and is active in the exploration ofoilandnatural gasthroughout the region. Additionally, it operateshydroelectric power plants,participates in the construction oftelecommunicationsinfrastructure,shipbuilding and technical inspections, radiochemistry, radiopharmaceuticals, agriculture and hospitality.[3]

Synergy Group Corp.
Company typeCorporation
IndustryConglomerate
Founded2003
HeadquartersSão Paulo,Brazil
Key people
ProductsAirline industry,aerospace,Oil & Gas,shipyard
RevenueIncreaseUS$10.0 billion (2011)
Number of employees
40,000 (2013)
Subsidiaries
  • AEQ Aeroespacial
  • Digex Aircraft Maintenance
  • EAE Aerospace Solutions
  • EISA Shipping Agency
  • REM
  • Senior Taxi Aéreo
  • Synergy Aerospace
  • Synergy Europe
  • Synerjet Brasil
Websitewww.synergygroupcorp

Synergy Group had integrated the airlines and companies ofTACA AirlineswithAviancaunder aholding company,Avianca Holdings. The Synergy Group owns 66.66% of the newly createdsubsidiary company.Kingsland Holding(El Salvador)[4]owns the other 33.33% of Avianca-TACA.[5][6]

Synergy Aerospace Corp.a sub-division of Synergy Group, is headquartered inBogota,Colombia.[7]It is the major shareholder of Avianca Holdings. The company controls eight airlines in four countries: Avianca andTampa Cargoin Colombia,Avianca Brasil,VarigLogandSynerjetin Brazil,VIPandAeroGalinEcuadorandGrupo TACAin El Salvador.[6]In November 2012, Synergy Aerospace Corp. established Synergy Aerospace Europe.

Synergy Aerospace established ajoint venturein March 2011, withIsrael Aerospace Industries.[8]Brazil-based companyEAE Aerospace Solutionswas established to become theshareholderandholding companyof the group’s activities in Brazil. Synergy wants to invest inFlight Technologies,[9]a manufacturer of tactical UAVs for the Brazilian Army, based inSão José dos Campos.[10]The joint venture will offer advanced defense systems, such asunmanned aerial vehicles,Multi Mission Transporters,mission and fighter aircraft upgrades,intelligence surveillance and reconnaissanceadvanced systems andradars.

The Synergy Group also has relevant activities, including the control of theEISA Shipping Agency,[11]currently building a 500-ton patrol ship for the Brazilian Navy, and the BrazilianDigexcompany, operating in aircraft maintenance area.[12]

Synergy Aerospace was a candidate in the acquisition ofPortuguesestate carrierTAP Portugal.In November 2012, Synergy Group createdSynergy Europebased inLuxembourg,to deal with the possible takeover of the Portuguese airline. All European activities would be handled by its European subsidiary.[13]Through this unit, the company was planning to partner with European investors, including Portuguese airlineEuroAtlantic Airways.[14]In June 2015, Synergy lost the bid to the Gateway consortium, that includesPortuguesebus owner Humberto Pedrosa and BrazilianDavid Neeleman(Azul Brazilian Airlines).[15]

Subsidiaries

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  • AEQ Aeroespacial
  • Digex Aircraft Maintenance S.A.
  • EAE Aerospace Solutions
  • EISA Shipping Agency
  • REM
  • Senior Taxi Aéreo
  • Synergy Aerospace
  • Synergy Europe
  • Synerjet Brasil

See also

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References

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  1. ^Official WebsiteArchivedJuly 12, 2012, at theWayback Machine(temporarily not available)
  2. ^Synergy Group signs up for US$ 630m deal with Rolls-RoyceThe Manufacturer Online, 13 July 2012
  3. ^"Efromovich: Hardworking Visionary | Latin Trade Group".Latintrade. 2011-05-25. Archived fromthe originalon 2013-09-27.Retrieved2013-06-29.
  4. ^"Avianca-Taca Venture Builds Biggest Latin Air Network (Update1)".Bloomberg.2009-10-07.
  5. ^AviancaTaca and Tampa Cargo Owner Synergy Orders Six A330-200s, Three A330-200Fsairlinesanddestinations, 12 July 2012
  6. ^ab"Synergy Aerospace firms up order for nine Airbus A330 Family aircraft | Airbus Press release".Archived fromthe originalon 2014-12-22.Retrieved2012-09-24.
  7. ^"News - Media Centre".Bombardier.Retrieved2013-06-29.
  8. ^IAI, Synergy Group Embark on Expansion Plan in BrazilDefense update, 14 April 2011
  9. ^Flight Technologies
  10. ^Flight Technologies - Inteligência, Comando e Controle [https://web.archive.org/web/20130821142246/http:// flighttech.br/template.php?pagina=localizacao.php ArchivedAugust 21, 2013, at theWayback Machine
  11. ^Eisa shipyard works will begin this yearArchivedJuly 19, 2013, at theWayback MachineTOS International Martitima, 28 March 2012
  12. ^Israeli Aerospace expands in BrazilUPI, 15 April 2011
  13. ^Young, Kathryn M. (2012-10-19)."Portugal selects Synergy Aerospace for TAP privatization | News content from".ATWOnline.Retrieved2013-06-29.
  14. ^[1][dead link‍]
  15. ^Euronews - 11/06/2015
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