Mozambique’s Ministry of Finance has revealed that Aeroportos de Mozambique and the national airline LAM (Linhas Aéreas de Moçambique) together account for nearly $400 million in public debt, representing approximately half of the total liabilities held by Mozambique’s State Business Sector.
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.
LAM – Mozambique Airlines has significantly reduced the size of its operational fleet, now reportedly operating with only three aircraft after removing an unspecified number of Bombardier CRJ900s. The decision reflects a strategic fleet consolidation move amid financial and operational pressures.
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.
LAM, the national carrier of Mozambique, has decided to return its Boeing 737-300F, identified by serial number 28567, to its lessor. This aircraft, which was designated for freighter operations, will be returned without having completed a single flight under LAM’s operations.
