What Madagascar Airlines does

Madagascar Airlines is the unified national carrier of Madagascar, formed from the consolidation of Air Madagascar and its former domestic subsidiary Tsaradia and headquartered in Antananarivo as a Société Anonyme with Conseil d'Administration. The airline operates a fleet of five ATR turboprop aircraft — four ATR 72-500s and one ATR 72-600, each configured with 64-72 seats in Business and Economy classes — to serve domestic routes across Madagascar and regional connections to Indian Ocean islands (Comoros, La Réunion, Mauritius, Mayotte) and onward to South Africa and Europe via codeshare partners Air Austral and Ewa Air.

The company's product portfolio centers on passenger air transport through six fare families (Promo, Coup de Cœur, Découverte, Liberté, Liberté Plus, and Privilège/Business), supported by a direct e-commerce booking engine, an international call center, 14+ physical ticket offices across Madagascar and Comoros, and group-booking channels for corporate and tour-operator demand. Ancillary revenue streams include cargo and freight services (CARGO FLEX, CARGO EXPRESS, and CARGO PRIME with specialized vanilla, essential oils, perishable, and live-animal products), a paid Business Lounge at Ivato Terminal B (99,000 MGA day pass), pre-orderable onboard snacks, and the Valisoa Club loyalty program (Basic/Gold/Platinum tiers launched January 2026).

Revenue mechanics are transaction-based across fare families, cargo per-kilogram pricing, and ancillary fees, with payment integrations spanning Visa, Mastercard, American Express, CB, MVola, Orange Money, and BNI Pay. The customer base is primarily B2C leisure travelers and tourists accessing Madagascar's national parks, beaches, and islands, supplemented by families (child and infant fare discounts), 10+ passenger groups, and cargo shippers. Strategic positioning emphasizes domestic connectivity, regional Indian Ocean partnerships, tourism development, and consolidation under a single flag-carrier identity supported by global representation partner APG.

Name

Madagascar Airlines

Legal name

MADAGASCAR AIRLINES

Website

https://madagascarairlines.com

Company type

Private

Founded year

1961

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Madagascar Airlines is the unified national carrier of Madagascar, formed from the merger of Air Madagascar and Tsaradia. It operates five ATR turboprop aircraft serving domestic routes across Madagascar plus regional Indian Ocean and African destinations for leisure travelers, families, cargo shippers, and groups.

Ownership category

akta.pro rank

Product category

Air Passenger Transportation

NAICS

Scheduled Passenger Air Transportation (481111), Scheduled Air Transportation (48111)

SIC

Air Transportation, Scheduled (4512)

akta.pro primary industry

Commuter Airlines (Short-Haul, High-Frequency) (THABACAH)

akta.pro secondary industries

Island & Remote Region Regional Airlines (THABACAL), Turboprop Regional Airlines (THABACAJ)

Keywords

• Passenger air transport
• Domestic airline services
• Cargo and freight transport
• Frequent flyer loyalty program
• Airport lounge services

Headquarters

HQ city

Antananarivo

HQ country

Madagascar

Offices14 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Passenger ticket sales: The primary revenue stream is the sale of air passenger tickets across multiple fare families (Promo, Coup de Cœur, Découverte, Liberté, Liberté Plus, Business, Privilège) on domestic and regional routes. Tickets are sold through direct online channels, call centers, physical agencies, and partner travel agencies.
2. Cargo and freight transport: Madagascar Airlines generates additional revenue through cargo transport services, offering CARGO FLEX, CARGO EXPRESS, and CARGO PRIME products for shipping goods across its network. Pricing is per kilogram with minimum perception fees, and special rates apply for transverse routes, fresh/perishable goods, essential oils, and vanilla.
3. Business Lounge access: The airline sells access to its Business Lounge at Antananarivo Ivato Airport terminal for Economy class passengers at 99,000 Ariary TTC. Business class passengers and Valisoa Club Gold/Platinum members receive complimentary access.
4. Onboard snacks and additional services: Passengers can pre-purchase onboard snacks (bagels, club sandwiches, quiches at 25,000 Ar each) up to 48 hours before departure through agencies or call center. Additional services include extra baggage, seat selection, and special assistance.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels6 records

Core offering

Madagascar Airlines is the unified national carrier of Madagascar, formed from the merger of Air Madagascar and Tsaradia. The airline operates scheduled passenger air transport across domestic routes within Madagascar and regional routes across the Indian Ocean (Comoros, La Réunion, Mauritius), Africa (South Africa), and Europe (France), using a fleet of 5 ATR turboprop aircraft. In addition to passenger transport, Madagascar Airlines sells cargo and freight services, a Business Lounge at Antananarivo Ivato Airport, and a frequent flyer loyalty program called Valisoa Club.

Product overview

Madagascar Airlines is a unified national carrier formed in 2024 through the merger of Air Madagascar and its domestic subsidiary Tsaradia, operating as a Société Anonyme with Conseil d'Administration headquartered in Antananarivo. The airline operates a fleet of 5 ATR aircraft (ATR 72-500 and ATR 72-600 variants, 64–72 seats each) serving domestic routes across Madagascar's major cities and regional destinations in the Indian Ocean. Its product portfolio centers on online flight booking and reservation management via its website and call center, supported by self-service tools including online check-in and a manage-my-booking portal. The airline offers a fare structure across six tariff tiers (Promo, Coup de Coeur, Decouverte, Liberty, Liberty Plus, and Privilege/Business) that differentiate on flexibility, baggage allowances, and onboard services. Ancillary services include a Business Lounge at Antananarivo Ivato's Terminal B, pre-orderable onboard snacks (bagels, sandwiches, quiches), cargo and freight transport (CARGO FLEX/EXPRESS/PRIME tiers with specialized vanilla, essential oils, perishable, and live animal services), special needs assistance (wheelchair, EVASAN medical evacuation, guide dogs), family travel support, and group booking. A loyalty program called Valisoa Club (launched January 2026) provides three status tiers with escalating benefits. Codeshare agreements with Air Austral and Ewa Air extend the route network regionally. Payment integrations support Visa, Mastercard, American Express, CB, MVola, and Orange Money.

Differentiator

Problem solved

Functional benefit

Brands

• Valisoa Club: Loyalty program launched January 2026 with tiered status levels (Basic, Gold, Platinum) rewarding frequent flyers with exclusive benefits.

Products and services

• Online Flight Booking Web-based booking engine that lets passengers search, compare, and purchase air tickets across Madagascar Airlines' domestic and regional network. Supports round-trip, one-way, and multi-city itineraries, multiple fare families, and ancillary purchases; available in French and English.
• Valisoa Club Loyalty Program Frequent flyer program rewarding travellers with tiered status (Basic 0–19 flights, Gold 20–39, Platinum 40–49) and progressive benefits such as priority services, enhanced baggage allowance, and Business Lounge access; qualifying flights are multiplied based on route and cabin class.
• Business Lounge at Ivato Airport VIP lounge at Antananarivo Ivato Airport domestic terminal featuring a local-cuisine buffet, free high-speed Wi-Fi, workspace areas, phone booths, and relaxation zones. Free for Business class passengers and Valisoa Club Gold/Platinum members; available for purchase by Economy passengers at 99,000 Ariary TTC.
• Cargo and Freight Services Air freight services across all Madagascar Airlines routes, offered in three tiers — CARGO FLEX (economy, from 6,500 MGA/kg), CARGO EXPRESS (priority, from 10,000 MGA/kg), and CARGO PRIME (balanced, from 8,500 MGA/kg) — plus specialised handling for vanilla (FLEX/VANILLA), essential oils (FLEX/AROMA), perishables (FLEX/FRESH), and live animals (FLEX/AVI). Targeted at businesses, farmers, and traders shipping goods within Madagascar and across the Indian Ocean.
• Group Travel (Offre Groupe et Corporate) Dedicated group booking service for 10 or more passengers travelling on the same flight and dates. Includes seat blocking, flexible payment terms, group-rate pricing based on the Liberté fare, and a dedicated commercial team; reservations required at least 15 days in advance with a 20% deposit within 7 days of contract signing.

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

Partnerships

Six partnerships are on record, tiered minor and core.

• METFP (Ministère de l'Enseignement Technique et de la Formation Professionnelle)minorStrategic or Co-development Partner · 3 July 2026Madagascar Airlines partnered with the METFP to form future aviation professionals. The national airline and the ministry collaborate to train Malagasy aviation talent, supporting the development of skilled workforce for the aviation sector.
• Air AustralcoreChannel Partner/ Reseller/ Distributor · 6 June 2026Air Austral is a codeshare partner of Madagascar Airlines. The partnership allows passengers to book connecting flights across the Indian Ocean network, extending Madagascar Airlines' reach beyond its own routes through the Air Austral booking system. This alliance was highlighted as part of the airline's restructuring and regional expansion strategy.
• Radisson Hotel GroupminorGTM or Marketing Partner · 19 April 2026Madagascar Airlines partnered with Radisson Hotel Group for a Content Creator Trip from 16–26 April 2026. This joint marketing initiative was designed to promote tourism to Madagascar by leveraging content creator reach across Radisson's hospitality network.
• Ewa AircoreChannel Partner/ Reseller/ Distributor · 3 April 2026Ewa Air is a codeshare partner of Madagascar Airlines (announcement dated 3 April 2026). The agreement enables passengers to travel on combined Ewa Air and Madagascar Airlines itineraries, facilitating regional connectivity across the Indian Ocean.
• APG (Air Promotion Group)coreChannel Partner/ Reseller/ Distributor · 1 November 2025Madagascar Airlines selected APG to ensure its commercial representation across several global markets. This is a joint press release from November 2025, indicating APG serves as a sales representative and global distribution partner for the airline outside its core markets.
• Amazon Web Services (AWS)minorOthersAmazon Web Services is listed as the hosting provider for the madagascarairlines.com website in the legal notices. AWS provides the cloud infrastructure on which the airline's digital platform operates.

Scale indicators3 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Air Austral: La Réunion-based regional carrier and codeshare partner of Madagascar Airlines. Operates similar ATR turboprop and Boeing regional jet services across the Indian Ocean (La Réunion, Mayotte, Madagascar, Mauritius, Comoros), serving overlapping tourist flows with the same target customer base.
• Ewa Air: Mayotte-based regional carrier and codeshare partner of Madagascar Airlines. Operates ATR 72 turboprops on Indian Ocean routes between Mayotte, Madagascar, Comoros, and La Réunion — the same geography, aircraft type, and customer segment as Madagascar Airlines.
• Air Mauritius: Flag carrier of Mauritius operating scheduled regional and long-haul services across the Indian Ocean. Competes for the same inbound tourist traffic and Indian Ocean business travel; comparable in being a small-island national carrier reliant on codeshares for global reach.
• Air Seychelles: Flag carrier of Seychelles with a similar island-economy, tourism-dependent business model. Operates regional turboprop and jet services in the Indian Ocean with codeshare partnerships — directly comparable in fleet size, route structure, and customer profile to Madagascar Airlines.
• Precision Air: Tanzania's largest domestic carrier operating ATR 42/72 turboprops on regional and trunk routes across East Africa. Closely comparable in fleet type (ATR turboprops), regional connectivity role, and reliance on codeshare/partner feeding into long-haul carriers.
• Coastal Aviation: Tanzanian operator of Cessna Caravans and small turboprops serving tourism-heavy routes (Serengeti, Zanzibar, coastal and safari destinations). Comparable in being a small-fleet regional carrier dependent on tourism flows and feeder connections to East African hub traffic.
• Tsaradia: Pre-merger domestic subsidiary of Air Madagascar, now absorbed into Madagascar Airlines. Historically operated ATR turboprops on Madagascar domestic routes — directly comparable in fleet, route network, and customer base, though no longer an independent peer.

Broad incumbents

• Kenya Airways: East African flag carrier operating jet aircraft on regional and intercontinental routes including Nairobi–Antananarivo and Indian Ocean services. Comparable as an African national carrier with overlapping destination network and codeshare-driven Indian Ocean strategy, but with broader scale and long-haul capability Madagascar Airlines lacks.
• Ethiopian Airlines: Africa's largest network carrier, serving multiple Indian Ocean and African destinations with jet and turboprop equipment. Comparable as an African national carrier pursuing regional expansion, but with vastly larger scale, fleet diversity, and global reach.

Others

• APG (Air Promotion Group): Global airline distribution services company appointed by Madagascar Airlines (November 2025) as commercial representative across multiple markets. Comparable as an ecosystem partner rather than a competitor — illustrative of how small national carriers extend reach via GSA partnerships.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/madagascarairlines
• LinkedInlinkedin.com/company/madagascar-airlines

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Madagascar Airlines