Maputo, 23 Apr (AIM) –The publicly-owned Mozambique Airlines (LAM) has decided to readjust its flights as a result of the fleet reduction caused by the withdrawal of the CRJ 900 aircraft.
The CRJ 900 is a business jet that can seat 86 passengers.
In a Thursday statement, LAM claims it has “integrated an Embraer 145 aircraft into its operations and will now have three aircraft that will ensure flight connections for the next 15 days.” However, the company does not mention the routes or schedules that have been affected by the readjustment of flights.
This measure follows the recent suspension of international flights due to the accumulation of losses. LAM has acquired a bad reputation for cancelling or delaying flights.
Over the last year, LAM was under the management of the South African company, Fly Modern Ark (FMA), which was hired by the government to bring the company into profitability and rescue it from bankruptcy, a task in which it failed.
LAM lost the equivalent of 22.1 million dollars in 2021, seven million dollars in 2022, 62.2 million in 2023, and 35.7 million in 2024.
Studies ordered by the government ruled out privatisation of LAM as a solution. Instead, the government is selling shares in LAM to three reasonably healthy public companies – Hidroelectrica de Cahora Bassa (HCB), which operates the Cahora Bassa dam on the Zambezi; the rail and port company CFM; and the insurance company EMOSE.
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