LAM Mozambique Orders Three Boeing 737-700s
LAM Mozambique has ordered three Boeing 737-700s, and taken purchase rights on a further three, in a deal valued at $228 million at list prices.
The order, which was announced Feb. 5, was signed in November 2013 and allocated to an unidentified customer on Boeing’s order book.
“LAM Mozambique has developed an in-depth strategic business plan, which resulted in the restructuring of its network to facilitate its growth and expansion,” LAM Mozambique CEO Marlene Manave said, adding that LAM will use the aircraft to expand into several new markets.
The aircraft will be fitted with Boeing’s latest Performance Improvement Package (PIP), which gives an extra 2% fuel efficiency.
Maputo-based LAM, which operates a fleet of Boeing 737-500s and other smaller regional aircraft, is hoping to tap growing demand triggered by Mozambique’s oil, gas and other hydrocarbon reserves.
“A strong aviation infrastructure with a modern fleet of Next-Generation 737 jetliners will be of enormous benefit to the people of Mozambique, business travelers and our tourism industry, and will substantially contribute to our economic development,” Manave said.
TAL Aviation is acting as IBCS Consolidator for LAM Mozambique Airlines in Thailand, Israel, Hong Kong, Netherlands, Nordic and Baltic States.
