{"id":42130,"date":"2023-07-07T17:08:46","date_gmt":"2023-07-07T17:08:46","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/?p=42130"},"modified":"2023-07-07T10:31:09","modified_gmt":"2023-07-07T10:31:09","slug":"lams-future-lies-in-new-african-routes","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/lams-future-lies-in-new-african-routes","title":{"rendered":"LAM\u2019s future lies in new African routes"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>The Mozambican government argues that one way to save LAM from insolvency is to explore new routes. The Maputo-Lusaka flight was inaugurated this Friday.<\/p>\n

The Mozambican Minister of Transport and Communications is urging the exploration of new international routes as one way to secure the recovery of Linhas Ae\u0301reas de Moc\u0327ambique (LAM), noting that the carrier needs time to become more \u201crelevant\u201d.<\/p>\n

\u201c[The creation of more routes out of the country by LAM] is a way of solving our problems\u201d, Mateus Magala said on Friday evening (30-06) after the inaugural LAM flight between Maputo and Lusaka, the capital of Zambia.<\/p>\n

Noting that the Mozambican flag carrier must take safe and significant steps to consolidate the recovery process, Magala said that the future involves exploring new destinations in Africa and other continents, \u201ctravelling to profitable destinations\u201d.<\/p>\n

He considered \u201chistoric\u201d LAM\u2019s unprecedented commercial flight between Maputo and Lusaka, the southern African city that 47 years ago hosted the signing of the Accords between the Mozambique Liberation Front (Frelimo) and the colonial authorities, paving the way for the independence of the African country in 1975.<\/p>\n

Privatisation?<\/b><\/p>\n

In view of the current transitional management of LAM by the South African company Fly Modern Ark, the Minister of Transport and Communications said that the Mozambican government would disburse \u201ca lot of consideration\u201d on the next steps, without preconditions as to whether the carrier should be privatised or not.<\/p>\n

\u201cThe objective is, in the near future, to sit down and make strategic decisions for the future, which will project our airline as a relevant company in the civil aviation space,\u201d he stressed.<\/p>\n

But first, Magala continued, care must be taken that the mistakes that led LAM to insolvency are not repeated.<\/p>\n

In May, LAM\u2019s new management commission announced that the company was no longer insolvent, having since April collected US$47.3 million in overdue state and private accounts, but remained at risk of collapse.<\/p>\n

\u201cThe debt position was reduced\u201d improving the debt-to-equity ratio, leading LAM to \u201cno longer being considered insolvent\u201d, said Se\u0301rgio Matos on behalf of the company\u2019s management committee.<\/p>\n

Matos also added that the carrier\u2019s rescue strategy involves reactivating the Maputo-Lisbon route and exploring new destinations in Brazil, India, Dubai and China.<\/p>\n

For More News And Analysis About Mozambique<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. The Mozambican government argues that one way to save LAM from insolvency is to explore new routes. The Maputo-Lusaka flight was inaugurated this Friday. The Mozambican Minister of Transport and Communications is urging the exploration of new international routes as one way to secure the recovery of Linhas Ae\u0301reas de Moc\u0327ambique (LAM), […]<\/p>\n","protected":false},"author":84,"featured_media":42129,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,281,283],"class_list":["post-42130","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nLAM\u2019s future lies in new African routes - Mozambique<\/title>\n<meta name=\"description\" content=\"The Mozambican government argues that one way to save LAM from insolvency is to explore new routes. 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