In a move that underscores growing confidence in Madagascar Airlines’ ongoing turnaround strategy, the national carrier has signed lease extension agreements with aircraft lessor Abelo for two ATR aircraft, a critical step in stabilizing its domestic network and reaffirming its role in connecting Madagascar’s remote regions.
The deal extends the lease terms for two turboprop aircraft: ATR 72-500 (5R-MJF, MSN 698) until January 2028, and the ATR 72-600 (5R-EJB, MSN 1248) until November 2029. These aircraft are central to Madagascar Airlines’ operations, supporting connectivity across the island’s rugged and logistically complex terrain.
A Vote of Confidence in Madagascar’s Aviation Rebuild
“The renewal of these agreements confirms the trust our partners have in the progress Madagascar Airlines has made,” said Thierry de Bailleul, CEO of Madagascar Airlines. “This milestone, aligned with the path set by the Phénix Plan, marks a crucial step toward the stabilization of our fleet.”
De Bailleul emphasized that the continued presence of these aircraft allows the airline to fulfill its mission of reliable domestic air service — crucial for tourism, economic growth, and national cohesion. The agreements also serve as a strong signal to the aviation industry that Madagascar Airlines is once again a dependable, trustworthy partner.
Abelo Backs Madagascar’s Phénix Turnaround Plan
The ATR lease extensions reflect Abelo’s ongoing confidence in Madagascar Airlines’ ability to deliver on its recovery objectives.
“We’re proud to continue our partnership with Madagascar Airlines as they execute their transformation plan,” said Steve Gorman, CEO of Abelo. “These lease extensions reflect the tangible progress the airline has made and our shared commitment to ensuring reliable regional connectivity in Madagascar.”
Abelo, based in Ireland, has a strong reputation as a specialist in regional aircraft leasing, especially turboprops, which are increasingly viewed as the most sustainable solution for short-haul aviation due to their low fuel burn and carbon emissions.
Strategic Fleet Stability Without High Capital Outlay
For Madagascar Airlines, the deal represents more than just a lease renewal — it’s part of a broader fleet optimization and financial stabilization strategy. By retaining aircraft that are already integrated into operations and pilot training systems, the airline avoids major capital outlays while maintaining continuity of service.
This is particularly important as the airline continues to execute its Phénix 2030 Plan, a long-term roadmap supported by the World Bank, aimed at building a modern, digitized, and sustainable national carrier.
Turboprops Powering Resilience and Sustainability
In a market like Madagascar — the world’s fourth-largest island, with mountainous terrain and limited road infrastructure — air connectivity is essential. The ATR 72-500 and 72-600, with their short takeoff and landing capabilities, are uniquely suited to Madagascar’s airport network and are widely recognized for their reliability, performance, and efficiency on regional routes.
The aircraft also support the airline’s sustainability targets by delivering lower fuel consumption and reduced emissions, in line with emerging global aviation standards.
Domestic Focus, Global Vision
Madagascar Airlines operates a critical domestic network, serving cities and towns that would otherwise be isolated for hours or even days by ground transport. The lease extensions will ensure operational reliability on these routes, helping restore public confidence in air travel and supporting tourism and intra-island trade.
Looking ahead, the airline’s efforts to modernize its systems, grow its talent base, and potentially expand regionally hinge on this kind of fleet continuity and operational predictability.
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