The airline announced it is leasing aircraft to meet increasing demand for aviation services nationally and regionally. The demand is spurred by mega electricity, oil and gas projects and the tourism industry, forming part of their investment plan.
The tender process is open to “all interested national and foreign companies” until August 22, with bids invited for the short-term lease of up to five aircraft under a ‘wet lease’ agreement, which includes operational aircraft with crew, maintenance, and insurance.
LAM is undergoing a significant restructuring process following years of disinvestment and operational challenges.
The Mozambican Institute for the Management of State Holdings (Igepe) announced on May 13 the removal of LAM’s management and the appointment of a management committee led by Dane Kondic.
This move was decided at an extraordinary general meeting of LAM, as part of the state airline’s revitalization process. A non-executive board, comprised of representatives from the three state-owned companies that became LAM’s shareholders this year, was also approved. These shareholders include Hidroelétrica de Cahora Bassa (HCB), Portos e Caminhos de Ferro de Moçambique (CFM), and Empresa Moçambicana de Seguros (Emose).
The consultancy Knighthood Global, also hired by the shareholders to advise on the restructuring, stated in May that it has three months to “stabilize and reposition” LAM. It was “appointed by the Government of Mozambique to assist in revitalizing” the airline and the overall aviation sector in the country and launched a tender in June to lease up to five Boeing 737-700 aircraft for the Mozambican carrier.
