LAM Mozambique Airlines wants to dispose of its Embraer fleet

LAM Mozambique Airlines has been operating at a loss for several years, and the Covid-19 pandemic has worsened its financial situation.

The Mozambican state-owned carrier, whose restructuring plan is under study, has an estimated debt of over 22 million euros. As the company's sole shareholder, the state is looking for ways to reduce its operating costs.

Source: newsaero