Economist Egas Daniel welcomes the government's decision to to sell 91% of the State's shares in the company Linhas Aéreas de Moçambique (LAM) to companies in the State Business Sector (SEE)In the meantime, he warns people to take steps to avoid being affected by the airline's culture of mismanagement.

For Daniel, from the point of view of LAM's financial and operational resurrection, the executive's measure seems to be the right one, since the approximately 130 million dollars that are intended to be raised will allow the company to acquire its own fleet and stop chartering aircraft.

According to the source, who spoke to Radio MozambiqueLAM's chronic problems, ranging from operating flights with too few aircraft, inability to provide services efficiently, delays and flight cancellations, among others, "justify intervention and would sentence the company to technical bankruptcy".

"This injection of capital by other public companies could represent a revival, or at least an attempt at strategic structural intervention and a high level of investment in the main asset that any aviation company must have, which is airplanes, in order to have greater independence and greater flexibility in its operations, perhaps improving its services," he said.

However, considering that LAM has been operating in an inefficient and damaging manner for many years, he warns that the acquiring companies, Hidroeléctrica de Cahora Bassa (HCB), Caminhos de Ferro de Moçambique (CFM) and Empresa Moçambicana de Seguros, should not allow themselves to be infected by LAM's mismanagement, otherwise they will acquire losses, when in fact they represent the few profitable companies in the SEE.

"If strategic issues and decisions unfavorable to LAM itself are not reviewed, this risk could be transferred to profitable companies such as HCB and CFM. It's a case of saying that it's good that bad companies don't corrupt good customs. It is good that LAM's operational problems, financial management and loss-making culture are not inherited and passed on to HCB and CFM, which have historically made a profit for the state, unlike LAM," he said.