Synergy Group, RA Treasury make the cut for reviving defunct Jet Airways

Avantulo Group and RA Treasury were the first ones to submit their intent

The resolution professional (RP) of Jet Airways has shortlisted South America-based Synergy Group and Russian fund RA Treasury from the three expressions of interest (EoI) that were submitted for the revival of the defunct airline, sources aware of the development said. Panama-based Avantulo Group’s EoI failed to make the list.

The two shortlisted entities will have to sign non-disclosure agreements after which they will get access to all the data pertaining to Jet. Subsequently, they will do due diligence and submit their resolution plans for the airline, sources said.  

The last date for submitting resolution plans to the RP is