Synergy Group

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Synergy Group Corp.
Type Corporation
Industry Conglomerate
Founded 2003
Headquarters Rio de Janeiro, Brazil
Key people José Efromovich, (Chairman)
Germán Efromovich, (CEO)
Products Airline industry, aerospace, Oil & Gas, shipyard
Revenue Increase US$ 10.0 billion (2011)
Employees 40,000
Subsidiaries Avianca Holdings
Avianca Brasil
Synergy Aerospace
Website www.synergygroupcorp.com
Synergy Aerospace
Owner German Efromovich
Founded 2003
Fleet 104 (+91)
Destinations 120
General information
Airlines Country Fleet size No. of Destinations
Avianca
 Colombia
157
42
Avianca Brazil
 Brazil
27
22
AeroGal
 Ecuador
9
12
Helicol-Pas
 Colombia
12
-
Synerjet
 Brazil
Senioraereo
 Brazil
15
-
Tampa Cargo
 Colombia
5
16
VarigLog
 Brazil
0
0
VIP
 Ecuador
8
4
TOTAL

207
113

Synergy Group Corp. is a South American conglomerate created and owned by Germán Efromovich, an entrepreneur holding multiple citizenship of Brazil, Colombia and Poland.[1] The group is headquartered in Rio de Janeiro, Brazil.[2] It operates several airlines in South America, among which are Avianca Holdings, with a 66.66% stake,[3] and is active in the exploration of oil and natural gas throughout the region. Additionally, it operates hydroelectric power plants, participates in the construction of telecommunications infrastructure, shipbuilding and technical inspections, radiochemistry, radiopharmaceuticals, agriculture and hospitality.[4]

Synergy Group has integrated the airlines and companies of TACA with Avianca under a holding company, Avianca Holdings. The Synergy Group owns 66.66% of the newly created subsidiary company. Kingsland Holding (Texas)[5] owns the other 33.33% of Avianca-TACA.[6][7]

Synergy Aerospace Corp., a sub-division of Synergy Group, is headquartered in Bogota, Colombia.[8] It is the major shareholder of Avianca Holdings. The company controls eight airlines in four countries: Avianca and Tampa Cargo in Colombia, Avianca Brazil, VarigLog and Synerjet in Brazil, VIP and Aerogal in Ecuador and Grupo TACA in El Salvador.[7] In November 2012, Synergy Aerospace Corp. established Synergy Aerospace Europe.

Synergy Aerospace established a joint venture in March 2011 with Israel Aerospace Industries (IAI).[9] Brazil-based company EAE Aerospace Solutions was established to become the shareholder and holding company of the group’s activities in Brazil. Synergy wants to invest in Flight Technologies (FT),[10] a manufacturer of tactical UAVs for the Brazilian Army, based in São José dos Campos.[11] The joint venture will offer advanced defense systems, such as unmanned aerial vehicles (UAVs), Multi Mission Transporters, mission and fighter aircraft upgrades, intelligence surveillance and reconnaissance (ISR) advanced systems and radars.

The Synergy Group also has relevant activities, including the control of the EISA Shipping Agency,[12] currently building a 500-ton patrol ship for the Brazilian Navy, and the Brazilian Digex company, operating in aircraft maintenance area.[13]

Synergy Aerospace is the only candidate in the acquisition of Portuguese state carrier TAP Portugal, which is in the final stages of privatization. In November 2012, Synergy Group was created Synergy Europe based in Luxemburg, to deal with the possible takeover of the Portuguese airline. As Synergy is the sole bidder for TAP Portugal, all European activities will be handled by its European subsidiary.[14] Through this unit, the company could also partner with European investors, including Portuguese airline EuroAtlantic Airways.[15]

Subsidiaries[edit]

  • Pacific Rubiales Energy Corp.
  • Pacific Stratus Energy, Ltd.
  • OceanAir Linhas Aereas Ltda
  • AviancaTaca Holding SA.
  • Synergy Aerospace
  • Synergy Europe
  • Synerjet
  • EAE Aerospace Solutions
  • EISA Shipping Agency

See also[edit]

References[edit]

  1. ^ Almeida, Henrique (2012-11-15). "Brazilian Efromovich Seeks Polish Passport to Buy Portugal’s TAP". Bloomberg. Retrieved 2013-06-29. 
  2. ^ Official Website (temporarily not available)
  3. ^ Synergy Group signs up for US$ 630m deal with Rolls-Royce The Manufacturer Online, 13 July 2012
  4. ^ "Efromovich: Hardworking Visionary | Latin Trade Group". Latintrade.com. 2011-05-25. Retrieved 2013-06-29. 
  5. ^ "Avianca-Taca Venture Builds Biggest Latin Air Network (Update1)". Bloomberg. 2009-10-07. 
  6. ^ AviancaTaca and Tampa Cargo Owner Synergy Orders Six A330-200s, Three A330-200Fs airlinesanddestinations.com, 12 July 2012
  7. ^ a b Synergy Aerospace firms up order for nine Airbus A330 Family aircraft | Airbus Press release
  8. ^ "News - Media Centre". Bombardier. Retrieved 2013-06-29. 
  9. ^ IAI, Synergy Group Embark on Expansion Plan in Brazil Defense update, 14 April 2011
  10. ^ Flight Technologies
  11. ^ Flight Technologies - Inteligência, Comando e Controle
  12. ^ Eisa shipyard works will begin this year TOS International Martitima, 28 March 2012
  13. ^ Israeli Aerospace expands in Brazil UPI, 15 April 2011
  14. ^ Young, Kathryn M. (2012-10-19). "Portugal selects Synergy Aerospace for TAP privatization | News content from". ATWOnline. Retrieved 2013-06-29. 
  15. ^ [1][dead link]

External links[edit]