Madagascar Airlines has obtained its air operator's certificate (AOC) and operating license (OL) from the Malagasy civil aviation authority (Aviation Civile de Madagascar – ACM), the airline said in a statement.
The airline is planning to resume long haul flights to Asia and introduce ten new destinations in the coming years.
The airline launched a five-phase regulatory process nearly a year ago and have met all the requirements.
Madagascar Airlines was functioned as the combined airline of Air Madagascar and its subsidiary Trsradia. Both the airlines are under receivership, a transitional bankruptcy protection period that forms part of the airline's restructuring plan since November 2021 and Madagascar Airlines was formed to take over the operations of both the airlines.
Madagascar Airlines leases aircraft, crew among others from the two airlines by providing them the means to pay off their debts over an extended period, as a part of debt repayment.
“The airline is expecting the arrival of its first E190-E2 before June 26,” Thierry de Bailleul, CEO, Madagascar Airlines said while speaking to local media. "We are also studying a certain number of solutions to start long-haul operations independently this year, with our own aircraft. In the new business plan, we will have to find the management model so as to have both reasonable fares but at the same times high enough to cover our costs,"
The Malagasy state already provides the airline with a $20 million sovereign guarantee for a B787, along with three E190-E2s on long-term leases from Azorra Aviation for domestic routes from October 2023.