Mozambique to create airline for international flights

10 March 2011

Maputo, Mozambique, 10 March – LAM Internacional is due to be introduced Thursday in Maputo as part of an initiative of state shareholding company Instituto de Gestão das Participações do Estado (Igepe) in partnership with Mozambiacn flagship airline Linhas Aéreas de Moçambique (LAM), officials said Wednesday.

Igepe said in a statement that the strategy was to introduce intercontinental flights under the “umbrella” of a new international airline, which would be autonomous and would not contaminate LAM with the inherent risk of the operation.

LAM Internacional will initially own no assets and will adopt the leasing model to acquire its aircraft and use the services of the current LAM to operate.

In the statement, Igepe said that LAM Internacional would be owned by Mozambican companies that were financially stable and focused on transport and/or tourism, that could contribute capital and knowledge to the various business areas.

Re-launching the route to Lisbon, Portugal is one of the major objectives as well as other destinations such as Rome, Brazil, Beijing and the United Arab Emirates. According to Mozambique’s strategic tourism development plan, these markets are seen as emerging niches for Mozambique. (macauhub)