China to finance new Mozambique airport
State-owned Mozambique Airlines (LAM) has acquired a 15-seat jet plane for US$9.2 million to serve the executive segment, the minister of transport and communications announced yesterday.
“It is an aircraft specifically for executive flights, which is proving a very attractive segment,” Carlos Mesquita told reporters in Maputo.
The plane is a Bombardier Challenger, to which two more Bombardier Q400 aircraft will be added on a leasing basis, “within the framework of making LAM profitable and bringing more safe, operational capacity to the company,” he said.
The lack of airplanes and management difficulties have caused chronic delays and rescheduling of LAM flights. The state-owned company announced last week that it would hire a consulting firm to draw up a business plan for the next 10 years, including restructuring the company.
From the beginning of the month and for the first time in its history, LAM has been facing competition from a foreign company, Fastjet, on domestic flights between the Maputo and some provincial capitals.Source: Lusa