Mozambican state-owned airline LAM faces difficult economic and financial situation

23 September 2015

State-owned Mozambican airline LAM plans to hire a consultant to assess the economic and financial situation of the company and present options in the short, medium and long term, said Mozambique’s Minister of Transport and Communications.

Minister Carlos Mesquita said that this assessment was intended to obtain further insight into the real situation of the company, which according to figures presented to the Prime Minister, Carlos Agostinho do Rosario, “is not good.”

“Unfortunately, the economic and financial situation is not good and we are aware of it, as results over the last two years show,” said Mesquita, although he gave no figures to illustrate the situation.

At the private meeting with the airline’s board of directors the Prime Minister pointed out, among other things, the importance of compliance with flight schedules, taking into account constant passenger complaints in this regard.

“You have to make an assessment of profitable routes that have to be handled carefully so that the company’s revenues are maximised, whilst also strengthening management,” said Mesquita, according to daily newspaper Notícias. (macauhub/MZ)