Three state-owned companies create firm to buy aircraft
By the AFREEQUE newsroom, based on Carta de Moçambique
Hidroeléctrica de Cahora Bassa, Mozambique Ports and Railways and Mozambique Insurance Company have created a company to buy aircraft for Linhas Aéreas de Moçambique (LAM). The move is part of the national airline’s restructuring, according to Carta de Moçambique.
Hidroeléctrica de Cahora Bassa (HCB), Portos e Caminho de Ferro de Moçambique (CFM) and Empresa Moçambicana de Seguros (EMOSE), three state-owned companies sitting on the board of Linhas Aéreas de Moçambique (LAM), have created Fly Moz Investiments S.A. to finance the acquisition of aircraft for the national airline. The new company, based in Maputo, has share capital of 10 million meticais, according to Transport and Logistics Minister João Matlombe.
Fly Moz Investiments S.A. was registered on the Mozambique Stock Exchange as part of LAM’s restructuring. João Matlombe announced its creation at the opening of the 22nd Economic Briefing of the Confederation of Economic Associations of Mozambique.
