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About Air Madagascar

Air Madagascar is the national airline of Madagascar and operates services to Europe, Asia and neighbouring African and Indian Ocean island destinations. The airline also serves an extensive domestic network to 50 destinations in 11 countries worldwide, including: Paris, Marseille, Bangkok, Guangzhou and more. Its main base is Ivato International Airport, Antananarivo.

Air Madagascar has codeshare agreements with Air Austral, Air Mauritius, Etihad Airways and Thai Airways.  

Air Madagascar is an airline committed to give meaning to each passenger's journey and develop sustainably with environmental actions. In 1998 for the first time, Air Madagascar inaugurated flights to Asia, opening an Antananarivo-Singapore route on a Boeing 767-200. For Air Madagascar, 2014 was a significant year with IOSA certification and new management team. Currently Air Madagascar operates mostly from Paris, Marseilles, Bangkok and Guangzhou to 50 destinations. 

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News

8th June 2018

Air Austral & Air Madagascar in Strategic partnership

The new Air Austral and Air Madagascar strategic partnership is being seen as a move for a new force in the Indian Ocean. It was on the 30th November of last year that Air Austral entered into a partnership with Air Madagascar with 409% shares.

In the arena when competition has been intensifying on the run Paris - La Reunion, Air Austral has been developing a strategy of diversification to be better positioned as the leader on the Indian Ocean Route.

With this partnership Air Austral is planning to reinforce its regional network with added services to new Madagascar airports and will be able to offer a more comprehensive network in the Indian Ocean with flights programmed to Mauritius, Seychelles, Mayotte over and above Madagascar.

Congratulations to Air Austral and Air Madagascar in this consolidation of resources. The Indian Ocean Vanilla Islands is in need of better air connectivity to be able to continue the development of two or three island holiday packages for key tourism source markets.

7th February 2017

Joint growth plans for Air Madagascar and Air Austral

Air Austral (UU, St. Denis de la Réunion) and Air Madagascar are aligning to conquer aviation over the Indian Ocean. Together, they will develop their Saint-Denis, Reunion and Antananarivo hubs, as well as boost both their long-haul and domestic networks. The airlines believe that this plan will put them in good stead to be made the leading aircraft carriers in the Indian Ocean. Air Austral has a 49% stake in the airline. 

6th December 2017

Air Austral accedes to Air Madagascar's shareholding

Air Austral (UU, St. Denis de la Réunion) has completed its accession to Air Madagascar's share capital following the signing of an equity purchase agreement on Thursday, November 30.

Under the terms of the deal, Air Austral will acquire a 49.41% stake in the Malagasy carrier for USD40 million with the Malagasy state retaining a majority 50.59% shareholding.

According to a government release, Air Austral's contribution is broken into three tranches; the first entails USD10 million needed to acquire a 39.04% stake in Air Madagascar and which has now been paid in. The second tranche of USD5 million will take its equity stake to the 49.41% agreed to while the remaining USD25 million will be used to recapitalize Air Madagascar's operations.

For its part, the Malagasy state covered the airline's MGA303 billion Malagasy Ariary (USD94.4 million) worth of legacy debts. As such, following this disbursement, Antananarivo will no longer support the airline from its 2018 budget onwards.

As majority shareholder, the Malagasy state has appointed Herivelo Andriamanga as Chairman of the Board along with three of the seven board members namely Thierry Rakotoarison, Eric Koller and General Didier Gérard Paza. 

For its part, Air Austral has nominated Didier Robert (President of shareholder Sematra), Marie Joseph Male (President And CEO of Air Austral), and Dominique Dufour, (Secretary General of Air Austral) as its representatives.

Air Austral aims to revamp Air Madagascar's fortunes via a two-phased business plan. The first phase entails a three-year turnaround period wherein the Malagasy airline will be put back on its feet while the second phase is will focus on long-term sustainable growth. Under the plan, Air Madagascar will reach a fleet of fourteen aircraft in 2020, growing to seventeen in 2023, while establishing a separate carrier focussing on domestic short-haul services.

Source: ch-aviation