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

Turbulence ahead on the route to a national carrier

Just like his nine predecessors, Nigeria's Aviation Minister, Hadi Sirika, has started championing a process of creating a national carrier capable of filling the void left by the liquidation of Nigeria Airways in 2003. But, as Chukwu

NAS launches new Pearl Lounges at Marrakech Menara Airport

National Aviation Services has launched its Pearl Lounges at the Marrakech-Menara Airport in Morocco reinforcing capacities at the newly renovated airport.

CEO of Airbus to step down

Airbus has announced that its CEO Tom Enders will be leaving the company in April 2019, reports aerotime.

Flydubai touches down at Kilimanjaro International Airport

Flydubai's inaugural flight touched down today at Kilimanjaro International Airport (JRO), increasing capacity to Tanzania and further expanding its network in Africa to twelve destinations.

Proflight Zambia female pilot clocks 1000 hours flying time

The career of Proflight Zambia's youngest female pilot Besa Mumba has taken off after clocking up 1,000 hours of flying time.

Colas UK secures construction deal for new Ugandan Hoima International Airport

Colas UK has revealed its new direction as a transport infrastructure company able to compete for the largest projects both in the UK and overseas.

Aviation Africa SK18418
See us at
Aviation Africa BT18418