What Ravinala Airports does

Ravinala Airports is a private airport management company headquartered in Antananarivo, Madagascar, that operates Antananarivo Ivato International Airport and Nosy Be International Airport under an exclusive government concession awarded in 2016. The company was established through a public tender by the Malagasy State and is jointly owned by Groupe ADP (the operator of Paris Charles de Gaulle and Orly airports) and Meridiam, a Paris-based infrastructure investment fund. Its mission centers on modernizing infrastructure, maintaining safety and environmental standards, expanding route development, and improving service quality for airlines, passengers, commercial tenants, cargo operators, and general aviation customers. The company employs approximately 279-284 collaborators across both airports as of 2026.

The company's core products are integrated airport management services covering terminals, runways, tarmacs, parking, and supporting infrastructure at international standards, with notable capacity upgrades completed in 2026 (national terminal throughput raised from 120 to 216 passengers per hour; baggage handling raised from 297 to 900 pieces per hour; Tarmac 1 widened to accommodate Code E widebody aircraft). Adjacent product lines include advertising space rental (managed through partner AEROPUB), commercial box rentals, and digital promotional platforms Nosy Best Deals and Mada Best Deals. Technology components include a 52kWc solar canopy installation at Nosy Be (the first in Madagascar), a QR-code-based reforestation program in partnership with ClicOdeal and Mada Green Again, and standard corporate analytics (Google Analytics) and digital marketing (Meta Ads) integrations.

Ravinala Airports generates revenue through a four-stream model: (i) concession-fee regulated aeronautical charges (landing, parking, navigation, passenger services) priced per a published Guide des Redevances; (ii) commercial revenues from rental of terminal boxes, retail locations, and advertising spaces via AEROPUB; (iii) supplier and service provider engagement contracts; and (iv) digital platform monetisation tied to tourism promotion. The customer base spans commercial airlines, passengers, retail and F&B tenants, cargo operators, and private aviation, with strategic marketing partnerships (e.g., Radisson Hotel Group Middle East & Africa) used to drive inbound international leisure traffic and route development into secondary Madagascar destinations.

Name

Ravinala Airports

Legal name

Ravinala Airports

Website

https://ravinala-airports.aero

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

51–100 employees

Short description

Ravinala Airports is a Madagascar-based private airport management company operating Antananarivo Ivato and Nosy Be international airports under a government concession, jointly owned by Groupe ADP and Meridiam. It serves airlines, passengers, commercial tenants, cargo operators, and general aviation through integrated infrastructure, aeronautical fees, commercial rentals, and tourism-promotion digital platforms.

Ownership category

akta.pro rank

Product category

Airport Management Services

NAICS

Airport Operations (48811), Other Airport Operations (488119)

SIC

Airports, Flying Fields & Airport Terminal Services (4581)

akta.pro primary industry

Aviation Infrastructure Agencies (Public Airports, Airfield Ops, Ground Access) (BPAIALAE)

Keywords

• Airport management services
• Airport concession operations
• Aviation infrastructure
• Passenger terminal operations
• Airport commercial services

Headquarters

HQ city

Antananarivo

HQ country

Madagascar

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Concession Management: Government-concessioned airport management for Antananarivo and Nosy Be international airports, providing all airport services except reserved activities (air traffic control, security, ground handling, fuel, and SSLIA)
2. Aeronautical Fees: Fees charged to airlines for landing, parking, navigation, and passenger services. Detailed in the Guide des Redevances document for aeronautical and non-aeronautical services
3. Commercial Spaces and Advertising: Rental of commercial spaces (boxes), advertising spaces managed through partner AEROPUB, and commercial animations at both airports
4. Supplier and Service Partnerships: Engagement with suppliers of products and services at the airports

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels8 records

Core offering

Ravinala Airports holds a Malagasy State concession to manage the international airports of Antananarivo Ivato and Nosy Be, delivering end-to-end airport management services including terminal and tarmac operations, passenger handling, runway infrastructure maintenance, cargo and freight processing, aeronautical fee administration, commercial space rentals, and advertising space sales (via AEROPUB). The company also operates digital tourism promotion platforms (Nosy Best Deals, Mada Best Deals) that support air route development into Madagascar.

Product overview

Ravinala Airports operates as an airport management company holding the concession for two international airports in Madagascar: Antananarivo Ivato and Nosy Be. The company operates a unified airport management platform combining physical infrastructure operations (terminals, runways, tarmac, aprons) with commercial services (advertising spaces, retail box rentals, supplier services) and digital platforms (Nosy Best Deals and Mada Best Deals for promotional campaigns). The portfolio includes core airport management services, value-added commercial offerings, and digital marketing initiatives aimed at developing air connectivity and tourism to Madagascar. The company is jointly owned by Groupe ADP (Paris Aéroport) and Meridiam, bringing international airport management expertise to Madagascar.

Differentiator

Problem solved

Functional benefit

Products and services

• Antananarivo Ivato International Airport Management Full-scope management of Antananarivo Ivato International Airport, including terminal operations, runway/tarmac and apron maintenance, passenger processing, security coordination (within non-reserved activities), and commercial management for airlines, passengers, shops, and freight operators.
• Nosy Be International Airport Management Full-scope management of Nosy Be International Airport, including terminal operations, runway/tarmac maintenance, passenger services, and commercial management; notably the first Malagasy airport to install 52kWc solar canopies (April 2024) and to achieve Level 2 Airport Carbon Accreditation.
• Renovated National Terminal at Antananarivo Airport Newly renovated domestic passenger terminal at Antananarivo Ivato International Airport providing expanded boarding gates (2 to 4), doubled boarding area (380m² to 760m²), 236 seats, and modern retail/F&B/service facilities for domestic travelers.
• Tarmac 1 Renovation at Antananarivo Airport Modernized tarmac surface and ground movement infrastructure for Code E and Code C aircraft operations at Antananarivo Ivato, built to international standards for large event hosting.
• Nosy Be Solar Canopy Installation On-site solar photovoltaic canopy infrastructure delivering 52kWc renewable electricity to Nosy Be International Airport during daytime operations.
• '1 Scan = 1 Arbre planté' Passenger Reforestation Program Passenger-facing sustainability program enabling travelers to trigger reforestation donations in Madagascar by scanning QR codes in boarding lounges via the ClicOdeal mobile app and Mada Green Again partner platform.
• Airport Advertising Space Rentals (via AEROPUB) Sale and management of advertising spaces inside and around Antananarivo Ivato and Nosy Be International Airport terminals, executed via channel partner AEROPUB for brand promotion to airport passengers and visitors.
• Commercial Box and Retail Space Rentals at Airports Rental of retail, dining, and service boxes/spaces inside Antananarivo Ivato and Nosy Be International Airport terminals to commercial tenants seeking access to airport passenger foot traffic.
• Nosy Best Deals Digital Promotional Platform Digital promotional platform operated by Ravinala Airports surfacing deals and special offers aimed at boosting air traffic to Nosy Be and supporting destination marketing.
• Mada Best Deals Digital Promotional Platform Digital promotional platform operated by Ravinala Airports surfacing deals and special offers across Madagascar destinations, supporting digital air route development marketing.

Quantifiable outcome

• Terminal capacity increased from 120 to 216 passengers per hour after national terminal renovation
• +4 more outcomes

Named customers3 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature3 records

Partnerships

Five partnerships are on record, tiered strategic and minor.

• Radisson Hotel Group Middle East & AfricastrategicGTM or Marketing Partner · 1 April 2026Digital campaign partnership for international promotion of Madagascar. Multi-day content creator trips highlighting routes Antananarivo – Morondava – Nosy Be to promote tourism destination internationally.
• Mada Green AgainminorStrategic or Co-development Partner · 1 December 2025Partner for the '1 Scan = 1 Tree planted' reforestation initiative. Through QR codes in boarding halls, passengers can contribute to reforestation in Madagascar via the ClicOdeal application.
• BIANCO and ARAIminorStrategic or Co-development Partner · 1 December 2025Anti-corruption partnerships. Collaboration on International Anti-Corruption Day 2025 with sensitization programs for employees, under sponsorship of Ministry of Transport and Meteorology with support from Ministry of Justice.
• ADRASEC (Association des Radiotransmetteurs de la Sécurité Civile)minorStrategic or Co-development Partner · 1 January 2025Emergency response and safety collaboration. ADRASEC General Assembly hosted at Nosy Be airport. Ravinala Airports provided 10 million Ariary grant in 2025 and various equipment donations. Joint training exercises and emergency drills conducted.
• AEROPUBminorChannel Partner/ Reseller/ DistributorAdvertising space management partner for airport advertising. Handles promotion opportunities for brands at Antananarivo and Nosy Be airports. Contact: [email protected]

Scale indicators12 records

Recent moves6 records

Expansion highlights5 records

Regional players

• Kenya Airports Authority (KAA): State authority operating Jomo Kenyatta International Airport (Nairobi) and other Kenyan airports. Comparable as an East African public airport operator managing a primary international gateway with tourism and business traffic mix.
• Ethiopian Airports Enterprise: State-owned operator of Ethiopian airports including Addis Ababa Bole International. Comparable as an African airport operator managing a national primary international gateway with ambitious infrastructure modernization programs.
• Mauritius Airport Holdings Ltd: Operates Sir Seewoosagur Ramgoolam International Airport, the main Indian Ocean competitor gateway. Highly comparable as a sub-2M passenger international airport in the Indian Ocean with similar tourism-driven traffic and limited regional connecting role.
• Aéroport de La Réunion Roland Garros: Operated by Groupe ADP under concession, this is the principal French overseas Indian Ocean airport. Comparable in scale and Indian Ocean positioning, and demonstrates the ADP airport management template Ravinala is implementing in Madagascar.

Broad incumbents

• Vinci Airports: Concessions arm of VINCI operating 70+ airports globally, including in Africa (Cape Verde, Portugal, etc.). Comparable as a global airport concession platform and direct competitor for African airport concession opportunities.
• Groupe ADP (Aéroports de Paris): Parent shareholder of Ravinala Airports and operator of Paris Charles de Gaulle and Paris-Orly. Highly relevant as the principal shareholder providing operational know-how, and as the global benchmark for the airport management approach being implemented in Madagascar.
• AENA: World's largest airport operator by passenger numbers, managing 46+ airports in Spain and internationally. Comparable as a benchmark for commercial revenue maximization and large-scale airport infrastructure modernization relevant to Ravinala's Vision 2027.
• Fraport AG: Global airport operator best known for Frankfurt Airport, with a broad international portfolio of concessions. Comparable as a model for large-scale, multi-airport concession management and the operational expertise Ravinala aspires to through its ADP partnership.
• TAV Airports: Turkish airport operator with a diversified global portfolio of airport concessions (Istanbul Atatürk, Antalya, Medina, etc.). Comparable as a publicly-listed, multi-airport concession platform with similar business model to Ravinala's airport management concession.

Direct peers

• Airports Company South Africa (ACSA): State-owned operator of South Africa's major airports including O.R. Tambo and Cape Town. Directly comparable as a publicly-concessioned African airport operator managing primary international gateways with similar regulatory, capex, and commercial revenue dynamics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@RavinalaAirports
• Facebookfacebook.com/ravinalaairportsmadagascar
• LinkedInlinkedin.com/company/ravinala-airports
• Xx.com/ravinalaairport

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors1 record

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 Ravinala Airports