Madagascar Airlines, the Malagasy national airline, announces a recovery plan aimed at improving its financial situation and returning to profitability.
Change of governance
A new chairman of the board of directors, Mamy Rakotondraibe, has been appointed. He is responsible for steering the implementation of the recovery plan.
“Phoenix 2030” business plan
The “Phoenix 2030” business plan provides for a restructuring of the Madagascar Airlines fleet, with the acquisition of new aircraft and the return of certain leased aircraft. It also provides for investments in maintenance and staff training.
Temporary suspension of long-haul flights
Long-haul ACMI flights, i.e. with aircraft rental with crew and maintenance included, are suspended until further notice. This measure is necessary to reduce the company's losses.
Strengthening the home network
Madagascar Airlines will focus on the domestic network during the period of suspension of long-haul and regional flights. This measure will help restore the fundamentals of the company, particularly in terms of maintenance and sales management.
Prospects
The CEO of Madagascar Airlines, Thierry de Bailleul, believes that these measures will allow the company to return to profitability in the coming months. Long-haul flights will resume as soon as the company is able to provide them under dry lease, that is to say with its own planes and its own crews.
Support for passengers affected by these cancellations :
Madagascar Airlines understands that this situation may have an impact on your travel plans. We sincerely apologize for any inconvenience this may cause.
In order to best support its customers, Madagascar Airlines offers three options:
- Option 1: Change the date of your ticket for a new reservation on a Madagascar Airlines flight in 2024.
- Option 2: Transform your ticket into a credit for the amount of this ticket plus compensation of 150 euros for long-haul flights and 70 euros for regional flights. This credit is transferable, non-refundable and valid for one (01) year. It is available within 72 hours after receipt of your request. It can be used to purchase tickets on our domestic flights or on one of our international flights as soon as they resume. To benefit from the credit, please complete the form by following the following link: Request a credit
- Option 3: Refund your ticket. We undertake to reimburse you for your ticket. However, due to our current financial difficulties, we cannot give you a repayment date. We will keep you informed of the progress of your request. If you opt for a refund, please complete the form by following the following link : request a refund