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LAM, fastjet sign MOU for long-term co-operation

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LAM and Fastjet yesterday entered into a Memorandum of Understanding to explore long-term commercial cooperation. The Memorandum was signed at the LAM headquarters in Maputo. The intent of the memorandum includes wide-ranging areas of cooperation expected to significantly enhance commercial aviation in the country.

The memorandum covers code-share and interline agreements between the two carriers, optimized network synergies to accommodate same as well as cooperation on other commercial systems, cargo, engineering and maintenance. LAM chief executive Mr. Antonio Pinto commented that the “areas of cooperation will not only further strengthen Mozambique’s flag carrier as a regional air-services provider but contribute significantly to initiatives that promote tourism, economic development and trade.”

“This is an exciting and industry-leading public-private partnership initiative,” adds Mr. Pinto. “It not only supports Mozambique’s greater economic growth objectives in terms of the efficient and affordable movement of people and goods, but also the notion of a longer-term Whole of State Aviation strategy.” Mozambique is a signatory to the Yamoussoukro Decision and one of the early nation-adopters on the Continent.

“The approach to commercial cooperation is the first of its kind on the African continent,” says Fastjet Chief Executive Nico Bezuidenhout. “There is significant opportunity in stimulating not only commercial aviation but also up and downstream economic growth through key cooperative initiatives. Fastjet is committed to exploring and leveraging the agreement to the best-benefit of both companies and, ultimately the people of Mozambique.” The African Development Bank recently reported on a high medium-term growth forecast for Mozambique.

“This memorandum of understanding lays the foundation for full economic leverage of a very bright future and fulfilment of the Government of Mozambique’s Whole of State aviation objectives.”

Jeanette Briedenhann
Jeanette Briedenhann
Jeanette Phillips joined the team in 2016. She developed a passion and love for all things-travel related in her role as travel journalist, a position she held for over seven years. A brief exodus into the corporate marketing sphere proved that there is no better industry than the travel industry. Research and writing are two of Jeanette’s greatest passions, but she is always open to new challenges and different ways of doing things.

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