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Air Madagascar : A loss of 70 $ million

COVID : Air Madagascar in a worrying situation

COVID : Air Madagascar in a worrying situation

COVID : Air Madagascar in a worrying situation. Like operators in the field of tourism and hospitality, airlines are also suffering the effects of the health crisis.

In default of payment, Air Madagascar is again on the verge of bankruptcy. Without outside help, the company risks not being able to resume its flight.

Technical unemployment after massive recruitment (Source : Midi-Madagasikara)

“Air Madagascar is really in trouble. We approve of cost reduction, imperative today. But we categorically refuse a suspension of employment contracts. there is something fishy. Leaders need to be transparent”. These are the words of a representative of the employees of the company, following a meeting held yesterday, between the representatives of the Board of Directors, of the General Management and the staff representatives of Air Madagascar.

During the meeting, the leaders of the national company highlighted the financial difficulties, letters of formal notice, aircraft grounded due to unpaid leases, etc.

No activities for more than 06 month

Indeed, the company has had no activity for more than six months, in particular because of the abandonment of the Handling service – however successful. A very bad decision that employees blame the company's leaders for.

And it's not the only one. “We wonder if this fall of Air Madagascar is not wanted to acquire the company at a lower price. The sale of the Boeings 747 which have been replaced by Boeings 767 second hand, caused bad impacts on the company. The same applies to the choice of foreign leaders, the switch to the Airbus A340 and of course the sale of the Handling service, as well as the strategic partnership with Air Australe », supported our source.

great victims

Although the state has injected, over several years, significant funds to support the company, with a view to safeguarding national pride, Air Madagascar sinks further and risks not being able to recover, without external support.

Employees are now positioning themselves as the first victims of the situation. Today, information travels by word of mouth, indicating that former employees would be the first targets of technical unemployment.

Technical unemployment from June

During yesterday's meeting, the Board of Directors and the General Management announced technical unemployment applied from June, for a period of 3 month, flexible. However, this measure will not apply to all.

Tsaradia, also concerned

The staff representatives of Tsaradia were also at the meeting yesterday with the staff of the General Management and the representatives of the Board of Directors..

According to the information, no decision has yet been made for the staff of this subsidiary. However, the leaders of the company have not ruled out the possibility of technical unemployment. They even mentioned that the stakeholders will have to define together the appropriate measures, whether technical unemployment should be applied.

Note that Tsaradia also encounters certain operational problems and only has one aircraft authorized to fly in its fleet..

According to indiscretions, repairing his broken down ATR would require 50.000 Usd, a fairly large sum in times of crisis. Nevertheless, this company has some leeway, compared to its parent company.

Brief, Air Madagascar and Tsaradia employees strongly support the need to cut costs, to save the national company. They also demand transparency and the right to speak openly with the media, because it is, according to them, of a national affair. According to the information, the discussions that took place yesterday will continue next week.

The Coco Lodge Majunga team would like to encourage our National Air Madagascar company and its entire team !

By #CocoLodgeMajunga

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