Synergy Group

Synergy Group Corp.
legal form	Corporation
founding	2003
Seat	Panama City , Panama
management	José Efromovich , Chairman of the Board ; Germán Efromovich , CEO ;
Number of employees	40,000
sales	US $ 10 billion (2011)
Branch	Conglomerate in the aeronautics , aeronautics , tourism, fossil fuels , shipyards , and port construction sectors

The Synergy Group Corp. ( SAC ) is a South American conglomerate , founded in 2003. It is run by Germán Efromovich and his brother José Efromovich , two La Paz- born business people and investors of Polish - Jewish origin. The group is based in Panama City . Synergy Group Corp. held 78.1 percent of the block of shares in Avianca Holdings until it was placed in 2016 as security for a loan to Synergy in BRW Aviation in the US state of Delaware .

Synergy Group operates with its subdivision Synergy Aerospace Corp. several airlines in South America , including a stake in Avianca Holdings . In addition, the group is in the exploration of petroleum and natural gas throughout the South American region active. It also operates hydropower plants, participates in the construction of the telecommunications infrastructure and builds shipyards and port facilities in the northeast of Brazil. In Coruripe ( Alagoas ) the construction of the largest shipyard Estaleiro Eisa in Latin America was supposed to start in 2011 , but was banned by the judiciary of the state of Alagoas. The industrial project was originally intended to create 4,500 direct and 18,000 indirect jobs.

Synergy Aerospace Corp., a subsidiary of the Synergy Group, is based in Bogotá . It is the largest shareholder in Avianca Holdings, with 58.6%. The company is moving more and more into focus because, among other things, it has stakes in more than eight airlines in five countries. These are, for example, Avianca and Avianca Cargo in Colombia, Avianca Brasil , Varig Log and Synerjet in Brazil, VIP- and AeroGal in Ecuador and, since 2017, Avianca Argentina . In addition, the Portuguese TAP Portugal was originally supposed to join, but this did not materialize. In 2011 Synergy Aerospace established a joint venture with Israel Aerospace Industries under the name EAE Aerospace Solutions , under whose roof the various Brazilian activities in the military and security business as well as in aerospace technology are housed.