Linhas Aéreas de Moçambique (LAM) invested 2.2 billion meticais (€30.2 million) in the acquisition of five aircraft in 2025, all of which were fully paid for by the end of the financial year, according to the airline’s financial statements reported by Lusa.
The acquired aircraft comprise two Embraer ERJ-190 regional jets and three Dash 8 Q400 turboprop planes, typically deployed on short- and medium-haul routes. LAM said the legal registration, preparation, and fleet integration processes for the aircraft remain ongoing.
In May, Agostinho Langa, chairman of the board of Portos e Caminhos-de-Ferro de Moçambique (CFM), confirmed that two of the Embraer 190s acquired by the airline had been in South Africa for repainting, a process that has since been completed.
CFM, one of the entities involved in LAM’s restructuring process, said preparations for the aircraft to enter commercial service were under way. Langa acknowledged, however, that the carrier continues to bear additional costs from still ‘operating with leased aircraft’.
LAM has faced operational difficulties for several years stemming from a reduced fleet and a lack of investment, circumstances linked to a number of non-fatal incidents. Experts have cited aircraft maintenance shortcomings as a contributing factor to those episodes, as the airline presses ahead with its restructuring.
As part of that restructuring, Hidroeléctrica de Cahora Bassa (HCB) approved the acquisition of a 25.2% stake in LAM’s share capital in 2025. The move was followed by Empresa Moçambicana de Seguros (Emose) and CFM, each taking a 15.40% shareholding.
According to Mozambique’s 2025 General State Accounts, HCB approved an investment of US$36 million in the airline’s restructuring process and in the creation of Fly Moz, an entity established with the ‘objective of securing financing for LAM’.
Emose approved an investment of US$22 million, giving it a 15.40% stake in LAM’s shareholder structure, matching that of CFM. A year ago, the government announced its intention to divest 91% of the airline’s share capital, but the transactions completed to date represent a combined 56% of the company’s current shareholding structure.
Source: Diário Económico
