40 million USD from the World Bank for Madagascar Airlines

Madagascar Airlines, carried by his Phoenix map, continues its march towards profitability. The World Bank grants Madagascar Airlines a additional support from 40 $ million. This funding recognizes the progress made. And this by encouraging the sustainable modernization of Malagasy air transport.

Financial support and stability for Madagascar Airlines

The World Bank supports Madagascar Airlines with a financing of 40 million USD. This assistance is in addition to 25 millions already granted via the project Integrated Growth Pole (PIC). It reflects the solidity of the restructuring plan launched in 2022. Thanks to this support, the company strengthens its bases for sustainable and efficient air transport.
According to Ony Rakotondratsimba, only 20% of the conditions remain to be satisfied before the funds are fully released. These steps, administrative and legal, should be finalized by the end of the month. This will pave the way for a new phase of investment and development.

This international support shows the confidence of donors in the reforms carried out. It ensures financial stability of Madagascar Airlines. It allows aim for a positive operating result this year, a first for several years.

Renaissance and modernization of Madagascar Airlines

Launched in 2023, the Phoenix map marks the rebirth of Madagascar Airlines. It aims to rebuild efficient national air transport. The plan is based on fleet modernization, governance and strengthening human capital.

Thanks to this roadmap, the company obtained its operating certificate (AOC). She also renewed her partnerships with Air France and Corsair. She also achieved a remarkable punctuality rate of 93%.

Madagascar Airlines is now aligned with the OECD international standards in terms of transparency and governance. The company has created audit committees, strategy and remuneration. These measures ensure rigorous and responsible management.

Beyond the figures, this recovery embodies a renewal for the entire Malagasy air sector. Madagascar Airlines is banking on training, digitalization and skills development. These efforts prepare the future of national air transport. The company thus confirms its position as a key player in economic development Country.

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