Fly Modern Ark (FMA), the South African company hired to resurrect the accounts of Mozambique Airlines (LAM), has found scars of corruption in the then management machine of the national flag carrier. According to Lusa (via DW), which obtained the information during a meeting between FMA and journalists, over-invoicing, or...
Fly Modern Ark (FMA), the company hired by the government to restructure Mozambique Airlines (LAM), said on Thursday that the Mozambican airline could resume the connection between Maputo and Lisbon by November 20 of this year. According to Theunis Crous, the re-establishment of the route is of capital importance for the country, and...
Mozambique Airlines (LAM) needs at least 22 planes to resume all its routes and comfortably pay off its debts. "In our business plan proposal we will present the areas that we really need to resolve. But, in our opinion, the balance point to start paying off our debts comfortably is to have...
The Mozambican state airline, Linhas Aéreas de Moçambique (LAM), is negotiating with the American aircraft manufacturer, Boeing, for the reimbursement of 23 million dollars paid for the purchase of a plane it never received. The information was given at the latest press conference called by Fly Modern Ark (FAM) to present the...
The Manager of the Mozambique Airlines Restructuring Project, Sérgio Matos, said today in Maputo that the company's debt is falling significantly and that the company is technically solvent. "At the moment, after three months, the debt has been reduced by 61.6 million dollars. Up until May 29,...
The Director General of Mozambique Airlines (LAM), João Carlos Pó Jorge, guarantees that the company's traffic and revenues are already close to pre-covid levels, thanks to the ongoing restructuring process. "In terms of traffic, we are already practically at pre-covid 2019 levels. Revenue is at that level. Obviously the...
Mozambique Airlines (LAM) denies reports that an employee of the company has been arrested for being involved in an illegal ore transportation network out of Nampula province. The information that LAM is denying was published by MZNews on 17.08.2023 based on an article...
An employee of two airlines, Mozambique Airlines (LAM) and Ethiopian Airlines, is facing police charges for facilitating the transportation of illegal cargo by air. According to Notícias, the individual was assigned to the cargo transportation sector, and is in the custody of the National Criminal Investigation Service...
The Minister of Transport and Communications, Mateus Magala, revealed this Wednesday in parliament that renowned and well-structured companies from Europe and the Middle East have refused to accept leading a recovery plan for Mozambique Airlines (LAM). "We contacted several world-renowned airlines, and none of them were interested in taking over or partnering...
Linhas Aéreas de Moçambique (LAM) is setting up teams in the different areas of the state-owned company to work on restructuring the company, whose management has had the support of consultancy Fly Modern Ark (FMA) since Tuesday. "Since April 18, the management of our flagship company has had the support of a...