| No. | Airline name | ICAO | IATA | Callsign | Country |
| 241 | Air Madeira | MMZ | MM | Portugal | |
| 242 | Air Madrid | DRD | NM | ALADA AIR | Spain |
| 243 | Air Malawi | AML | QM | Malawi | |
| 244 | Air Maldives | AMI | L6 | Maldives | |
| 245 | Air Mali | MLI | L9 | Mali | |
| 246 | Air Malta | AMC | KM | AIR MALTA | Malta |
| 247 | Air Mandalay | 6T | Myanmar | ||
| 248 | Air Manitoba | Canada | |||
| 249 | Air Mark Indonesia | Indonesia | |||
| 250 | Air Marshall Islands | MRS | CW | Marshall Islands | |
| 251 | Air Martinique | MTQ | NN | Martinique | |
| 252 | Air Mauritanie | MRT | MR | MIKE ROMEO | Mauritania |
| 253 | Air Mauritius | MAU | MK | AIRMAURITIUS | Mauritius |
| 254 | Air Max Africa | Gabon | |||
| 255 | Air Mediterranee | BIE | DR | France | |
| 256 | Air Memphis | MHS | AIR MEMPHIS | Egypt | |
| 257 | Air Mercury | MEC | 4X | United States | |
| 258 | Air Meuse | AMZ | Belgium | ||
| 259 | Air Miles | Greece | |||
| 260 | Air Moldova | MLD | 9U | AIR MOLDOVA | Republic Of Moldova+E187 |
| 261 | Air N.S.W. | NSW | Australia | ||
| 262 | Air Namibia | NMB | SW | NAMIBIA | Namibia |
| 263 | Air National | ANE | United States | ||
| 264 | Air Nauru | RON | ON | Nauru | |
| 265 | Air Nelson | RLK | New Zealand | ||
| 266 | Air New Zealand | ANZ | NZ | New Zealand | |
| 267 | Air New Zealand Link (Mount Cook Airlines) | NM | New Zealand | ||
| 268 | Air Next | NXA | 7A | BLUE DOLPHIN | Japan |
| 269 | Air Nippon | ANK | EL | Japan | |
| 270 | Air Nippon Network | AKX | EH | Japan |
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