Fortunately, there is reason for hope.
“The results obtained for the first half of the current 2024-2025 financial year are better than last year and are fully consistent with the company’s forecasts and its anti-crisis plan.
Thanks to a collective effort, the July and August 2024 high season was overall close to established budget targets,” the press release said.
In addition, due to good attendance, queues had to be increased, for example, in Mayotte and Bangkok.
There are so many signals that lead us to believe that Air Austral can, at the request of its shareholders, find operating balance within the next financial year.
In the meantime, the management system will be reviewed, and this will not be limited to the single case of Joseph Brema.
“Over all these years, Mr. Brema has managed to solve many problems and overcome certain challenges. Among them we can mention the successful launch of a long-term program or, even more exceptional, the launch of the Covid-19 pandemic.
He also supported the development of a post-Covid restructuring plan ahead of its approval by the European Commission in January 2023,” explain the carrier’s shareholders.
The current former chairman of the board should continue his career in other areas. His replacement will be announced on October 18, 2024.
