in Air Transport

Air Madagascar chooses a strategic partner

Posted 16 March 2017 · Add Comment

The board of Air Madagascar has decided to recommend Air Austral as preferred bidder to the Malagasy state.

The board of Air Madagascar has decided to recommend Air Austral as preferred bidder to the Malagasy state.

As part of the process of selecting a strategic partner, IOS Partners and TroyAvi have submitted  their assessment report and  technical conclusions to the Board of Directors of Air Madagascar following the negotiation sessions held in parallel with Air Austral and Ethiopian Airlines during the months of February and March 2017.

The Board of Directors took note of the technical conclusions of its advisors, concerning notably the assessment of the development plans proposed by the two finalist companies. Following this assessment stage, the Board of Directors took the decision, at its meeting held on 13 March 2017, to recommend to the Malagasy State, Air Austral as preferred bidder.
 
As a result, the Board of Directors has invited Air Austral to finalise negotiations with the Malagasy State with a view to sign a Memorandum of Understanding by 31 March 2017 and by 31 May a strategic partnership agreement and a shareholders' agreement.
 
"We are extremely proud of this announcement which comes after a quality process", says a spokesman of Air Austral. 
* required field

Post a comment

Other Stories
Latest News

Tiger wants the Russians to roar

Tiger Aviation Services (TAS) started its ground-handling services with just four staff in a small office at Cairo International Airport nearly three decades ago.

Bombardier sees increasing demand for pre-owned aircraft in Africa

At the African Aviation Finance conference in Johannesburg, South Africa, Bombardier Commercial Aircraft reflected on the development of the African Regional Aircraft market, stating that it was seeing a surge in demand in Africa for

Embraer Phenom to make impact with debuts at EBACE

Embraer will debut the Phenom 100EV business jet at the European Business Aviation Conference and Exhibition (EBACE) in Geneva, Switzerland, from May 29 to May 31.

Ethiopian marks African aviation history with 100th aircraft in active service

Ethiopian Airlines and SKYTRAX have announced that it will take delivery on June 5 2018 of its 100th aircraft, a Boeing 787-900, making it the first African airline to operate a 100 aircraft fleet in the history of the continent.

Kenya turns to crop dusters to turbo charge its forces

Kenya’s requirement for new light attack/armed intelligence, surveillance, and reconnaissance (ISR) aircraft has been dogged by controversy. Jon Lake attempts to unravel a complicated situation.

Air BP expands its network with six new locations in Africa

Air BP has collaborated with Vivo Energy to grow its network in Africa, adding six new locations: Sir Seewoosagur Ramgoolam International Airport, Abidjan-Felix-Houphouet-Boigny International Airport, Nelson Mandela

Routes African SK1505180718
See us at
AAD2018 BTGroundHandling BT2205130918AirCargoAFA_BT220318210219