Majunga, cosmopolitan city, is a land that lives the culture of all its people. Very safe city, very quiet and full of life at the same time, Majunga offers an exceptional playground for lovers of adventure and discovery..
Follow us :
+261 20 76 238 18 | +261 34 07 011 11
Majunga City Centre


Air Madagascar : A loss of 70 $ million

Air Madagascar : A loss of 70 $ million

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.


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.


By #CocoLodgeMajunga

We are both :

  • One hôtel★★★ with 18 spacious comfortable rooms,
  • One gourmet restaurant with a beautiful wine cellar, whiskies, rums and champagnes with a capacity of 60 Covered, offering Malagasy cuisine, French, Lebanese and seafood specialties,
  • Un bar piscine with cocktails, "tsakitsaky", pancakes and waffles available at all hours,
  • One organizer of events and conferences with 3 meeting rooms that can accommodate up to 90 people. In addition, we can receive themed lunch/dinner, engagement, wedding, anniversary, … Even a bachelor/bachelorette party, or a marriage proposal, …
  • A travel and tourism services company (License C),
  • One tour operator (B license),
  • A 4×4 rental company and quads (all geo-located with valid liability insurance) and with graduate drivers guide. They can insure your transfers in all Madagascar. For example from Antananarivo airport to Majunga, but also from Nosy Be to Majunga.

Strategic, dynamic, persuasive individual with 15 years experience in driving the performance of an ICT Company in the very tough environment of French Speaking African Countries. My main duties were to achieve all the targets in terms of sales, quotas and financial results (BS, P&L, FR, CFM) and be responsible for hiring and managing Human Resources teams. I am a confident, enthusiastic and inspiring individual who would enjoy partaking in areas of management, marketing, logistic, finance analysis, strategy, ISO, HR, etc.