The Supervisory Board of Air Austral Company met this Thursday, March 7, 2024 to transparently examine the situation of the company and approved the action and restructuring plan presented by the Management Board, assisted by its advisors.

This plan aims to achieve the objective of transporting 1,216,000 passengers on the routes operated by Air Austral during the next financial year, which will begin at the beginning of April 2024.

To optimize company performance, it is imperative to mobilize all stakeholders around a common objective.

To this end, more rigorous internal management measures have been approved, aimed at better controlling and reducing costs.

Efforts will also be required from staff members, resulting in a significant reduction in the cost of payroll, but also from suppliers and the State, particularly in the delicate management of the treatment of public liabilities.

Short and medium-haul services and flight programs have been re-evaluated in order to optimize the financial profitability of the lines. At the same time, efforts are being made to optimize yield management.

At the same time, actions are being taken to positively resolve disputes involving financial issues.

In support of this ambitious, rigorous and future-oriented plan for the company as well as its territory, the public and private shareholders have collectively decided to support the company financially to the tune of 10 million euros, taking into account their respective participation in the capital.

This proactive plan will be closely monitored in its application by the Supervisory Board.

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