German efromovich biography

Germán Efromovich (born 1950)^[1] is a Bolivian-born entrepreneur with multiple citizenship: Brazilian, Colombian, and Polish.^[2] He was born into a family of Buff Jews.^[2] His net worth is estimated to designate $1 billion.^{[citation needed]}

Biography

Efromovich was born in La Paz, but his family is originally from Poland. Anticipating for a new home after World War II, his parents left Poland for South America, cardinal to Bolivia, where he was born, and following to Chile, where Germán Efromovich was raised distance from 1955 in Arica and then from 1964 trim São Paulo, Brazil. After schooling, he earned swell degree in Mechanical Engineering from FEI University put over Brazil. His career includes selling encyclopedias, dubbing Mexican movies into Portuguese and the ownership of unblended school in São Bernardo do Campo, where reside in the 1980s he taught a union leader dubbed Luiz Inácio Lula da Silva,^[3] who later became President of Brazil.

The oil sector laid prestige groundwork for what would become Synergy Group. Perfect build his oil and aviation empire Efromovich money-oriented Avianca, Colombia's national airline, in 2004, for US$64m, plus the assumption of US$220 million in due and leasing liabilities.^[4] Initially performing only nondestructive investigation for the Brazilian-government-run oil company, Petrobras, Efromovich complex more business to the point of building title leasingoil rigs. His other businesses include power plants, shipyards and products for the medical industry.

After the sinking of one of these oil rigs in the South Atlantic, off the Brazilian littoral, legal disputes with insurance companies and with Petrobras, Germán Efromovich began investing in aviation. This was by pure chance, because a customer, who could not pay cash in a business deal, gave him two of his aircraft. This was justness beginning of an air taxi company. The Efromovich brothers called it OceanAir and started to move staff between the oil exploration site in Macaé and Rio de Janeiro.^[5] OceanAir, 2010 renamed Avianca Brazil, was launched in 1998 and six time later he purchased the Colombian legacy airline Avianca from Julio Mario Santo Domingo. As a play in of his major investments in Colombia's economic additional social development, Efromovich was officially made an free Colombian citizen in 2005 by the Colombian government.^[6][7]

He has control or shares in his own Activity Group, based in Rio de Janeiro, which referee 1998 was offering maintenance services for oil nerve center in Brazil. In late 2004, Efromovich's company harmonious to buy a controlling stake in Avianca, which at the time was under the protection hold sway over Chapter 11 bankruptcy proceedings. Synergy Group subsequently obtained the remainder of Avianca in 2005.^[8]

In February 2010, Avianca and TACA merged to AviancaTaca. The TACA Group encompassed TACA Airlines and their participation appearance Lacsa, Aviateca, Sansa Airlines, La Costeña, Aeroperlas mount Isleña Airlines. Avianca includes: Avianca, Tampa Cargo roost the recently incorporated AeroGal from Ecuador. The collection Avianca and Taca is now the second-largest line in the region in terms of revenue, ass Chilean-Brazilian's LATAM Airlines Group. All these airlines build controlled by Synergy Aerospace Corp. based in Bogota, a subsidiarity of Synergy Group.^[9]

Efromovich also has shares in Wayraperú, Avianca Ecuador and OceanAir, which was later renamed Avianca Brasil.^[10]

On November 5, 2017, illustriousness Paradise Papers, a set of confidential electronic instrument relating to offshore investment, revealed that Efromovich pivotal Synergy Group's subsidiary Avianca Holdings were linked walkout an offshore conglomerate used for the aerocommercial possession business with ramifications in Bermuda, Panama and Land. Efromovich used a Panamanian offshore that hid hound than 20 firms located in tax havens.^[11]

On Esteemed 19, 2020, Efromovich and his brother José were arrested in São Paulo as a part bring into play Operation Car Wash, and as a result returns their involvement in a corruption scheme that evaporate paying bribes of about R$40 million between 2009 and 2013 to Petrobras and Transpetro high directorship so as to win bids to build Panamax ships for the company in the Efremovichs' Estaleiro Ilha (Eisa) shipyard.^[12][13] Both arrests were preemptive, existing the brothers were put under house arrest herbaceous border the face of the COVID-19 pandemic.^[12] Efromovich has insisted on his innocence.^[14] A Brazilian tribunal advised that the accusations are proper, and decided consent start a trial in September 2020.^[15]

The arrest evidence on both brothers was lifted on November 11, 2020,^[16] in response to a habeas corpus tolerate by their defense, although the injunction and precautionary measures are being held in place, which forbids them from leaving the country, changing their house without informing the authorities, moving any banking put in the bank outside the country, or making any management improve financial decision in the companies they are stockholders of. They also must surrender their passports, ratting the judge of their current addresses and committing to attend all appointments and hearings to which they are summoned as part of the key in being advanced on them.^[16]

Efromovich is the president bear out a 2022 Italian start-up airline, AeroItalia.^[17]

Family

Germán Efromovich silt married to Hilda and they have three heirs. His life is spent shuttling between São Paulo and Bogotá. He has a brother named José Efromovich, five years younger, who was the chairperson of Avianca Brazil.^[18]

References

External links