Fly Modern Ark (FMA), a South African aviation services provider, has expressed its full cooperation with the forensic audit of LAM Mozambique Airlines’ financial accounts, a process initiated amid growing scrutiny of the state-owned carrier’s governance. At the same time, FMA has been forced to initiate legal proceedings to recover outstanding payments for services rendered to the Mozambican airline.
Fly Modern Ark (South Africa) has unveiled a strategic initiative to relaunch and rejuvenate SA Express Airways, a move aimed at restoring the airline’s legacy as a premier regional carrier in Southern Africa. This ambitious plan highlights Fly Modern Ark’s commitment to revitalizing a key player in the region’s aviation landscape.
Fly Modern Ark, a South African aviation investment firm, has identified a need for more than €9 million to support the financial and operational recovery of Linhas Aéreas de Moçambique (LAM). The proposed investment aims to address immediate cash flow challenges and establish a sustainable path forward for Mozambique’s national airline. Having previously collaborated with…
