Grupo Synergy To Buy Aeromar Stake
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.