Synergy Group Corp. is a

South America South America is a continent entirely in the Western Hemisphere and mostly in the Southern Hemisphere, with a considerably smaller portion in the Northern Hemisphere. It can also be described as the southern Subregion#Americas, subregion o ...

n conglomerate created and owned by Germán Efromovich. The group is headquartered in

Rio de Janeiro Rio de Janeiro, or simply Rio, is the capital of the Rio de Janeiro (state), state of Rio de Janeiro. It is the List of cities in Brazil by population, second-most-populous city in Brazil (after São Paulo) and the Largest cities in the America ...

, Brazil. It operates several

airline An airline is a company that provides civil aviation, air transport services for traveling passengers or freight (cargo). Airlines use aircraft to supply these services and may form partnerships or Airline alliance, alliances with other airlines ...

s in

, among which are Avianca Group (formerly Avianca Holdings & AviancaTaca Holding), with a 66.66% stake, and is active in the exploration of oil and

natural gas Natural gas (also fossil gas, methane gas, and gas) is a naturally occurring compound of gaseous hydrocarbons, primarily methane (95%), small amounts of higher alkanes, and traces of carbon dioxide and nitrogen, hydrogen sulfide and helium ...

throughout the region. Additionally, it operates hydroelectric power plants, participates in the construction of

telecommunication Telecommunication, often used in its plural form or abbreviated as telecom, is the transmission of information over a distance using electronic means, typically through cables, radio waves, or other communication technologies. These means of ...

infrastructure Infrastructure is the set of facilities and systems that serve a country, city, or other area, and encompasses the services and facilities necessary for its economy, households and firms to function. Infrastructure is composed of public and pri ...

, shipbuilding and technical inspections, radiochemistry, radiopharmaceuticals, agriculture and hospitality. Synergy Group had integrated the airlines and companies of TACA Airlines with

Avianca Avianca S.A. (acronym in Spanish for ''Aerovias de Colombia S.A.'', "Airways of Colombia", and stylized as avianca since October 2023) is the largest airline in Colombia. It has been the flag carrier of Colombia since December 5, 1919, when it ...

under a

holding company A holding company is a company whose primary business is holding a controlling interest in the Security (finance), securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own Share ...

, Avianca Holdings. The Synergy Group owns 66.66% of the newly created

subsidiary company A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidia ...

. Kingsland Holding (

El Salvador El Salvador, officially the Republic of El Salvador, is a country in Central America. It is bordered on the northeast by Honduras, on the northwest by Guatemala, and on the south by the Pacific Ocean. El Salvador's capital and largest city is S ...

) owns the other 33.33% of Avianca-TACA. Synergy Aerospace Corp. a sub-division of Synergy Group, is headquartered in Bogota,

Colombia Colombia, officially the Republic of Colombia, is a country primarily located in South America with Insular region of Colombia, insular regions in North America. The Colombian mainland is bordered by the Caribbean Sea to the north, Venezuel ...

. It is the major shareholder of Avianca Holdings. The company controls eight airlines in four countries: Avianca and Tampa Cargo in Colombia, Avianca Brasil, VarigLog and Synerjet in Brazil, VIP and AeroGal in

Ecuador Ecuador, officially the Republic of Ecuador, is a country in northwestern South America, bordered by Colombia on the north, Peru on the east and south, and the Pacific Ocean on the west. It also includes the Galápagos Province which contain ...

and Grupo TACA in El Salvador. In November 2012, Synergy Aerospace Corp. established Synergy Aerospace Europe. Synergy Aerospace established a

joint venture A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to acce ...

in March 2011, with

Israel Aerospace Industries Israel Aerospace Industries (IAI; ), is Israel's major aerospace and aviation manufacturer, producing aerial and astronautic systems for both military and civilian usage. It has 14,000 employees as of 2021. IAI is state-owned by the government ...

. Brazil-based company EAE Aerospace Solutions was established to become the

shareholder A shareholder (in the United States often referred to as stockholder) of corporate stock refers to an individual or legal entity (such as another corporation, a body politic, a trust or partnership) that is registered by the corporation as the ...

and

of the group’s activities in Brazil. Synergy wants to invest in Flight Technologies, a manufacturer of tactical UAVs for the Brazilian Army, based in

São José dos Campos São José dos Campos (, meaning Saint Joseph of the Fields) is a major city and the seat of the Municipalities of Brazil, municipality of the same name in the state of São Paulo (state), São Paulo, Brazil. One of the leading industrial and res ...

. The joint venture will offer advanced defense systems, such as

unmanned aerial vehicle An unmanned aerial vehicle (UAV) or unmanned aircraft system (UAS), commonly known as a drone, is an aircraft with no human pilot, crew, or passengers onboard, but rather is controlled remotely or is autonomous.De Gruyter Handbook of Dron ...

s, Multi Mission Transporters, mission and fighter aircraft upgrades, intelligence surveillance and reconnaissance advanced systems and

radar Radar is a system that uses radio waves to determine the distance ('' ranging''), direction ( azimuth and elevation angles), and radial velocity of objects relative to the site. It is a radiodetermination method used to detect and track ...

s. The Synergy Group also has relevant activities, including the control of the EISA Shipping Agency, currently building a 500-ton patrol ship for the Brazilian Navy, and the Brazilian Digex company, operating in aircraft maintenance area. Synergy Aerospace was a candidate in the acquisition of Portuguese state carrier TAP Portugal. In November 2012, Synergy Group created Synergy Europe based in

Luxembourg Luxembourg, officially the Grand Duchy of Luxembourg, is a landlocked country in Western Europe. It is bordered by Belgium to the west and north, Germany to the east, and France on the south. Its capital and most populous city, Luxembour ...

, to deal with the possible takeover of the Portuguese airline. All European activities would be handled by its European subsidiary. Through this unit, the company was planning to partner with European investors, including Portuguese airline EuroAtlantic Airways. In June 2015, Synergy lost the bid to the Gateway consortium, that includes Portuguese bus owner Humberto Pedrosa and Brazilian David Neeleman ( Azul Brazilian Airlines).Euronews - 11/06/2015
/ref>

Subsidiaries

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

References

External links

Website Synergy GroupCAPA - Centre for Aviation: TAP Portugal’s privatisation enters final stage, with Avianca-TACA parent emerging as only bidder
* ttp://www.ecopetrol.com.co/especiales/carta_petrolera2005/english.htm Ecopetrol interview with Synergy Group head German Efromovich, May-June 2005br>El Espectador newspaper in Colombia avianca-se-integra-taca EISA Shipyard website
{{Authority control Avianca Conglomerate companies of Brazil Companies based in Rio de Janeiro (state) Multinational_companies_headquartered_in_Brazil Oil and gas companies of Brazil Oil and gas companies of Colombia Airlines of Brazil Brazilian brands

Subsidiaries

See also

References

External links