Mozambique Pays $3M to euroAtlantic for LAM Contract Termination
The government of Mozambique has confirmed the payment of US$3 million to euroAtlantic Airways (Portugal) as part of the termination settlement for a contract involving LAM – Linhas Aéreas de Moçambique, the state-owned national carrier. While the amount satisfies Mozambique’s obligations, it remains below the level of compensation originally demanded by euroAtlantic.
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