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Madagascar Airlines : 100 million dollars to finance the “Phenix 2023” business plan"

Madagascar Airlines : Return to profitability

Madagascar Airlines : Return to profitability

The General Director of Madagascar Airlines, Thierry de Bailleul announces the feat of a return to profitability in 2 years with a new recovery plan.

New recovery plan for Madagascar Airlines

The General Director of Madagascar Airlines recently presented a plan that could put Madagascar Airlines back on the path to profitability in less than two years. According to him, the strategy of resorting to renting crewed aircraft on long hauls which was not profitable.

It was necessary to absorb both the cost of renting planes and that of crew salaries, while the company had its own pilots and maintenance workshops. Especially since this system was already diverted from its vocation, which is intended to be effective over short periods but not over time.

“It may not have been the most efficient system.. Unfortunately, Maybe we stayed there a little too long.” “For eighteen months”, He says, each long-haul round trip lost something 300 000 dollars to the company.

Return to balance

The effective solution would therefore be to return to the rental of unmanned aircraft. As a first step, this could help return to balance. A strategy likely to make international flights take off again in the medium term.

The other hypothesis considered would be’buy used planes in excellent condition. The aim is to reduce the bill and also direct more activity towards regional flights and towards neighboring countries where Madagascar Airlines holds a virtual monopoly on air traffic..

The General Director is also banking on the great tourist potential of the Big Island to develop the activity and return to profitability. His project, which interests investors in the international economic sphere, has been submitted to the public authorities which are currently awaiting approval.

According to the words of the CEO of the company, it seems pretty well underway : “We want to revive the phoenix that was Air Madagascar”, he declared.

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