Madagascar Airlines Reassures Lessors Amid Political Unrest

Madagascar Airlines has moved to reassure aircraft lessors and the market of its operational stability amid ongoing political changes in the country. The airline confirmed that lessor ACIA Aero remains confident in the safety of its aircraft operations and has no plans to repossess its ATR72-500s, despite earlier reports suggesting concern.

In a statement, Madagascar Airlines clarified that a letter sent by ACIA Aero on October 15 was a precautionary measure related to Madagascar’s political situation, not to the temporary withdrawal of CEO Thierry de Bailleul. The lessor later held discussions with the airline’s board chairman and confirmed it sought only assurance about the operational environment, which it described as standard under such conditions.

Another lessor, Abelo Capital Aviation, also expressed concerns following de Bailleul’s decision to step back but confirmed it was not requesting the removal of its aircraft. The airline said normal operations continue as the curfew has been lifted, airports remain open, and long-haul flights have resumed.

Political unrest in Madagascar led to temporary service suspensions by international carriers including Air France, Emirates, and Air Mauritius, though some flights have since resumed.

De Bailleul’s decision to step back followed pilot unrest and social media criticism, but he emphasized his intent to ensure continuity and protect investor confidence. He remains under contract with the airline as a consultant, with management focusing on maintaining stability and connectivity during the political transition.

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Sources: AirGuide Business airguide.info, bing.com, ch-aviation.com