25-Oct-2016 10:26 AM
Air Madagascar confirms plans to select strategic partner in 2016
Air Madagascar confirmed (21-Oct-2016) plans to select a strategic partner by the end of 2016. The carrier confirmed the appointment of IOS Partners as transaction partner, supported by TroyAvi Aviation Consultants. Through the strategic partnership, the airline aims to enhance domestic operations, strengthen and expand regional services, serve the Vanilla Islands and East Africa and provide greater connectivity to major long-haul markets. The carrier said it is seeking, "a strong partner with resources, connectivity and capability and develop profitable and sustainable services taking advantage of the market potential and existing infrastructure." [more - original PR]