Synergy Group

Synergy Group Corp. is a South American conglomerate created and owned by Germán Efromovich, an entrepreneur holding multiple citizenship of Brazil, Colombia and Poland. The group is headquartered in Rio de Janeiro, Brazil. It operates several airlines in South America, among which are Avianca Holdings, with a 66.66% stake, 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.

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) owns the other 33.33% of Avianca-TACA.

Synergy Aerospace Corp., a sub-division of Synergy Group, is headquartered in Bogota, Colombia. 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. In November 2012, Synergy Aerospace Corp. established Synergy Aerospace Europe.