Africa Business Headlines International

Madagascar in search of $100m to revamp flag carrier

Madagascar Airlines needs $100 million for its rehabilitation, Valery Ramonjavelo, the country’s Minister of Transport and Meteorology has announced, explaining that the funds aim at making the State-run airline independent. The airline, launched in April 2022 in replacement of bankrupt Air Madagascar, has presented a turnaround plan known as “Phoenix 2030”, expected to help improve […]