Air Antilles - Progress report as of February 29, 2024

For the activity to resume, it remains to pass the stage of technical audits on the 5 aircraft and thus obtain the air transport certificate then the operating license authorizing the flight of the aircraft and finally begin the commercial recovery.

The OPS (Technical Operation of Aircraft) certification audit conducted by DSAC Antilles-Guyane - Civil Aviation Safety Directorate - in Pointe à Pitre at the beginning of February 2024, was found to be very conclusive by the inspectors. There are now 4 stages to go through.

The first step, in early March 2024, will consist of passing the internal audit, then the regulatory compliance audit of OSAC, the Civil Aviation Safety Organization, which concerns aeronautical safety through the control and monitoring of airworthiness. This step will allow the restart of the company's aircraft.

As Jérôme Arnaud indicated, in mid-March, Air Antilles will obtain its Air Transport Certificate and then its operating license corresponding to the financial strength of the company. The marketing of tickets can then begin.

In light of these elements, the launch program is taking place in accordance with the scenarios proposed in September 2023 before the Mixed Commercial Court of Pointe-à-Pitre.

Jérôme Arnaud recalls that this process took 6 months, which is a record in France. He is confident about the restart of the planes, the first tests of which will begin the week of March 4.

The CEO of Air Antilles recalls that the trajectory is in line with the business plan established last September and that the financial projections were audited by the DGAC in February 2024. Air Antilles' cash flow is now higher than expected and will allow, once the €6 million bond loan has been paid by the Collectivité, to obtain the operating license.

For President Louis MUSSINGTON and his team, transparency is the key word. Regarding the advance of public funds, these are capped and the Collectivité is in full compliance with French and European regulations in this area.

Everything is being done to ensure that Air Antilles can resume its activity as quickly as possible in order to bring healthy competition to the market and allow Saint-Martin residents to travel more easily and at more competitive costs.

Indeed, in terms of commercial policy, Air Antilles provides specific measures for the inhabitants of Saint-Martin.