in Business & Finance

Air Madagascar and Air Austral to ink final deal in 4Q17

Posted 7 August 2017 · Add Comment

Air Madagascar and Air Austral have confirmed the signing of their firm strategic partnership agreement has been delayed until late October at the earliest pending the resolution of several issues including the settlement of the Malagasy carrier's oustanding debts, reports ch-avaition.

The Reunionnaise carrier's Chief Executive Officer (CEO) Marie-Joseph Malé said his team had met with the board of directors of Air Madagascar and its works council for the presentation of a more elaborate business plan.

"However, within the framework of the strategic partnership, there may be elements that still need to be sorted out and require an additional week or even more for their resolution," he was quoted by L'Express. "Nevertheless, in all, we are on track with the aim of being to be able to finalize our partnership by the end of October, the date when everything will be in place, and by which time, the [financial] means will be available to be able to advance in this partnership."

 

* required field

Post a comment

Other Stories
Advertisement
Latest News

Air Botswana adds two ATR72-600s to its fleet

African airline Air Botswana today signed a firm order for two ATR 72-600s. Having operated ATR -500 series aircraft since 1996, the Botswanan national flag carrier has been an ATR operator for more than 20 years and will now upgrade and

Emirates opens first dedicated airport lounge in Cairo

Emirates has unveiled its 42nd dedicated lounge across its global network at Cairo International Airport (CAI).

Airbusí Helicopters industrial model is coming together

The first pre-serial H160 has been fitted with its rear fuselage, the first major component assembly having been pre-assembled in Albacete, Spain according to the site specialisation strategy implemented in Airbus Helicopters.

EWA Air signs commitment for two ATR 72-600s

Mahoran airline to upgrade its fleet with latest generation turboprops.

Air Arabia Maroc launches service connecting Birmingham with Agadir

Air Arabia Maroc has announced the launch of a twice weekly scheduled service from Birmingham in the UK to the Moroccan city of Agadir starting 1 October 2018.

Oman Air targets Africa for potential network expansion

Oman Air is reviewing its route network with a view to further expanding its destinations in Africa.

Routes African SK1505180718
See us at
AirCargoAFA_BT220318210219AviationAfrica_BT0607280219GroundHandling BT2205130918AAD2018 BT