LAM Becomes Mozambique’s Second Most Indebted State-Owned Company
Linhas Aéreas de Moçambique (LAM), the national flag carrier, is facing growing financial pressure. According to the Ministry of Finance’s recently released 2024 Annual Public Debt Report, LAM has become the second most indebted state-owned company in Mozambique, with a direct debt stock of 6.3 billion meticais—equivalent to 100 million US dollars.
