Air Madagascar would become “Madagascar Airlines”
Air Madagascar would become “Madagascar Airlines”
Air Madagascar would become “Madagascar Airlines”. After 60 years of existence, Air Madagascar will apparently disappear. At least the name since if the company itself still has a chance to survive, his name will change.
A third name
Midi Madagascar announced that according to an informed source, the airline will rebrand and soon take the name of Madagascar Airlines. A third name in the history of the company which, when it was created in 1961 was called Madair before becoming Air Madagascar, en 1962.
Possible
It will therefore be under this new name of Madagascar Airlines that the company will begin a recovery which is still possible..
Indeed, it is not destined to disappear since the law grants it possibilities of safeguard and recovery. This is precisely the objective of the collective liability clearance procedure decided at the Council of Ministers the day before yesterday.. A procedure that is launched for good.
Judicial protection
According to information from Midi Madagasikara, the company Air Madagascar is officially under judicial protection since 14 October. And the bankruptcy filing was scheduled for 15 October.
This marks the start of a procedure that, term, will allow the company to continue its operations and prepare for the payment of its debts.
Reopening of borders
The national airline will be there as part of the reopening of borders.
" Firstly, the company will provide one long-haul flight per week to the Tana-Paris-Tana destination”, specify the source in question.
For this purpose, the company will lease planes.
Air Madagascar regional flights will also be back but with a frequency of 2 weekly flights to Mauritius and Reunion.
The Tsaradia subsidiary will continue to provide domestic flights. This prospect of resuming long-haul and regional flights is in any case a glimmer of hope for the future of Air Madagascar..
The recovery plan that already exists but has still not been officially presented, set as a goal, a return to financial equilibrium in the 3 years to come.
Towards a collective dismissal of the staff
A return to balance that will go through countless trials and unpopular measures. Starting with the collective dismissal which has become inevitable for the company which probably holds the record in terms of number of employees.
To lessen what will be the harmful effects of this dismissal, the state provides, do we learn, to invest 3,5 million dollars to finance a voluntary departure system based on a technological change plan.
A new takeoff in short for the national airline that will now be called “Madagascar Airlines”. Let's hope the adventure doesn't end in a… crash
R. Edmond - Midi Madagascar
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