Who owns Madagascar Airlines?
Madagascar Airlines is owned by Madagascar Airlines (Madagascar).[1]
This ownership is reported in official statements but has not yet been matched to a regulatory filing.
Evidence: Histoire de la compagnie, Madagascar Airlines. Last checked .
Key facts
- Current owner
- Madagascar Airlines reported
- Owner HQ
- 🇲🇬 Madagascar
- Origin
- 🇲🇬 Madagascar
- Category
- Travel & transport › Airlines
- Last verified
- · 1 sources
About Madagascar Airlines
Madagascar Airlines is the Malagasy national-network airline formed in 2021 when Air Madagascar absorbed Tsaradia. Its history page traces Air Madagascar to 1961 as MADAIR, says Air Austral entered its capital in 2017, and lists domestic routes to Nosy-Be, Diego-Suarez, Mahajanga and Toamasina plus flights to Paris, Marseille, Lyon, Mauritius, Reunion and other Indian Ocean and European points.
Ownership timeline of Madagascar Airlines
- Current owner Madagascar Airlines [1] reported
Where Madagascar Airlines sits in Madagascar Airlines
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
Open the full Madagascar Airlines ownership tree →
Other brands in airlines, and who owns them
The 509 brands in airlines on Brandtree belong to 341 owners. The largest is Lufthansa Group, with 10.
| Brand | Owner | Owner based in |
|---|---|---|
| Air Dolomiti | Lufthansa Group | 🇩🇪 Germany |
| China Southern Airlines | China Southern Airlines | 🇨🇳 China |
| Air China | Air China | 🇨🇳 China |
| Aer Lingus | IAG | 🇬🇧 United Kingdom |
| LATAM Airlines Brasil | LATAM | 🇨🇱 Chile |
| Air France | Air France-KLM | 🇫🇷 France |
| AirAsia | AirAsia X | 🇲🇾 Malaysia |
| Calm Air | Exchange Income | 🇨🇦 Canada |
About the owner: Madagascar Airlines
Madagascar Airlines is a privately held company headquartered in Madagascar. Brandtree records 1 brand under its control.
Malagasy airline created in 2021 when Air Madagascar took over the activities of its domestic subsidiary Tsaradia. Its company history page says Air Madagascar began in 1961 as MADAIR (from the merger of the private Air Madagascar and Air France's local network), that Air Austral entered its capital in 2017 creating the Air Madagascar Group, and that Tsaradia flights were replaced by Madagascar Airlines flights in 2024. The page gives no ownership percentages and the legal entity name was not opened, so no stake or type beyond a placeholder is recorded.
Madagascar Airlines: full profile, brands and acquisition history →
🇲🇬 Madagascar Airlines and other Malagasy brands
Brandtree records a controlling owner for 10 brands that began in Madagascar. All of them are controlled from Madagascar.
Frequently asked questions
Who is the parent company of Madagascar Airlines?
The parent company of Madagascar Airlines is Madagascar Airlines, a privately held company headquartered in Madagascar.
Is Madagascar Airlines Malagasy?
Yes. Madagascar Airlines originated in Madagascar and its owner, Madagascar Airlines, is also headquartered in Madagascar.
Is Madagascar Airlines still owned by Madagascar Airlines?
Yes. As of 4 October 2026, Madagascar Airlines is still owned by Madagascar Airlines. The ownership record was last checked against primary sources on that date.
Sources (1) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] Histoire de la compagnie, Madagascar Airlines — Madagascar Airlines, Official document; retrieved 4 October 2026.
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