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Mozambique’s state aviation and telecommunications companies need measures to avoid “collapse”

Mozambique's Minister of Transport and Communications said today that the Mozambique Airlines (LAM) and telecommunications company Tmcel face the risk of "collapse" if there are no immediate and urgent measures for their financial recovery.

Mateus Magala gave an overview of the two companies in the Government's session of answers to questions from members of Parliament.

"LAM's situation is worrying; without proper intervention, LAM may be on the verge of collapse," Magala said, citing an international report requested by the executive.

According to the report, if no measures are taken, there are only three ways: liquidation, controlled bankruptcy . . .

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