Air Madagascar : A loss of 70 $ million

Difficult situation for the national airline Air Madagascar : a loss of 70 $ million.

Chairman of the Air Madagascar Board of Directors, Mamy Rakotondraibe, revealed in early September 2021 that the national company “suffered a loss of approximately 70 million dollars before the health crisis », that is, before the discovery of the first cases of Covid-19 in the country in March 2020.

The closure of Malagasy airspace, the closure of borders to foreign travelers since that date has obviously not helped matters.

Difficulties

The media have not ceased to reveal this difficult situation within Air Madagascar. The speculations were even going well in view of the total silence of the managers within the company. He has, among others, been told that the company has very significant difficulty in relation to its fleet sinceit would only have one plane left. Like the state-owned water and electricity company (JIRAMA), this company has indeed been considered as the true Achilles heel of the national economy.

Recovery plan

In view of this situation, “the implementation of the recovery plan is necessary”, recognize Mamy Rakotondraibe. The objective is to ensure that the company becomes an asset of the State, that it pays a dividend to the State and not a charge as before. But how ? The question remains, given that the plan in question which should be based on several points like the management of the company, fleet and technology management, should still be presented to the Council of Ministers.

The existence of this plan has already been revealed by the former Minister of Transport, tourism and meteorology, Joel Randriamandranto. Upon taking office, days after his appointment in August, the new Minister of Transport, Roberto Tinoka, also said he has a plan for the relaunch of the airline Malagasy. A plan that has not yet been born.

Urgent : Air Madagascar : A loss of 70 $ million

Thus, this recent statement by the Chairman of the Board of Directors ofAir Madagascar does it sound like a distress call in relation to the situation of the company. It is obviously up to the authorities of the country to rectify the situation or to proceed otherwise if they no longer want to take charge of this catastrophic situation within this state-owned company..

The situation is becoming more and more urgent. Because there is a good chance that the borders of Madagascar will open in October. Indeed, the Malagasy State plans to reopen the borders in October, according to the evolution of the health situation at the international level. It was President Andry Rajoelina himself who gave the information. By the way, the authorities have already decreed the end of the state of health emergency on the territory of the Republic of Madagascar since 03 last September.

Anyway, Coco Lodge Majunga and his team are already ready to welcome you safely. Pending, take good care of yourself and yours.

(MandimbisoaR.-MadagascarTribune)

By #CocoLodgeMajunga

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