Madagascar Airlines : The Malagasy government validated the business plan “Phoenix 2030”

The Malagasy government validated the business plan “Phoenix 2030” of Madagascar Airlines. The general management of the company aims to return to financial balance under 24 months thanks to this plan.

Return to financial balance under 24 month

The Malagasy government validated the business plan “Phoenix 2030” of Madagascar Airlines. This guarantee from the government was an essential step and excellent news for the future. : seeking funding for the implementation of this plan. “Phoenix 2030” is a business plan prepared by the management team of Madagascar Airlines.

This plan emphasizes profitability and self-financing through loans and equity investments and does not make any use of public funds.. The objective being to relaunch and bring back the Company, to profitability from here 2 years. Actually, this plan should allow Madagascar Airlines to return to operational balance without calling on public money and to achieve profitability in less than two years, according to its general manager.

New Embraer E1 jets on the regional international

While the business plan of Madagascar Airlines (Phoenix 2030) obtained government approval, the company will focus exclusively, for a few months, on domestic flights, in order to offer a robust domestic product and restore customer confidence. The company will thus work on the regularity of flights and punctuality and on improving customer relations..

“To all customers, I allow myself to ask for a few more weeks of indulgence before the first visible results are felt” asked the Managing Director of Madagascar Airlines.

In parallel, the company is preparing its return in a few months to the regional international market, with to start with new Embraer E1 jets in its colors, said Thierry de Bailleul.

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