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LAM: Mozambique Airlines seeks restructuring plan
11:05 CAT | 09 Nov 2017
Mozambique Airlines (LAM) is to hire a consulting firm to draw up a business plan for the next 10 years, including the restructuring of the company, the company announced yesterday.
LAM is looking for a consultant with experience in drawing up business plans that guarantee profitability in commercial aviation, the tender notice reads.
“The consulting firm must be independent of LAM and any member of the management, directors and managers of the company, as well as institutions with interests in the company or other airlines with commercial activity in Mozambique,” it adds.
The preparation of the business plan comes following recommendations made by Mozambique’s Institute of Management of State Holdings.
The Mozambican government has argued that LAM must find ways to become sustainable, given the operational and financial difficulties it faces because of its small fleet and low return of the activity.
LAM’s crisis comes at a time when several private carriers have received licenses to enter the domestic market from the National Civil Aviation Institute.
The British-South African partnership company Fastjet started flights between Maputo and provincial capitals Beira, Nampula and Tete last week.
Source: Lusa
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