Grupo Synergy To Buy Aeromar Stake

November 14, 2016

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Grupo Synergy has announced plans to buy a stake in Mexican carrier Aeromar for up to USD$100 million.

Synergy would initially buy 25 percent of the airline, with the possibility of lifting its share to 49 percent later. The purchase is subject to regulatory approval.

Brazil-based Grupo Synergy owns two-thirds of Avianca Holdings, formed from the merger of Colombia’s Avianca and El Salvador’s TACA airline. It also has holdings in other aviation-related companies.

Aeromar separately announced an order for six ATR 72-600s and two ATR 42-600s in a deal worth USD$200 million, the airline said.

When options for an additional six ATR 72-600s are included, the deal would be worth USD$360 million.

(Airwise)