Mozambique: Lam Management Challenged to Present Measures to Improve Company’s Financial Sustainability

Marracuene — The Minister of Transport and Logistics, João Matlombe, has challenged those responsible for the restructuring process of the publicly-owned company Air Mozambique (formerly known as Mozambique Airlines, LAM) to present concrete solutions, with defined timelines and verifiable results, aimed at improving the company’s operational performance and financial sustainability.

Under the plan to restructure LAM, the government has authorized three state-owned companies to acquire stakes…