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Lusa - Business News - Mozambique Fastjet suspends flight as of Saturday

Maputo, Oct. 21, 2019 (Lusa) - Fastjet will suspend flights in Mozambique from Saturday due to excess supply and accumulated losses, it announced on Monday in a statement.
"After continuous losses, which amounted to US$2.4 million in the first half of this year, and in view of the oversupply," Fastjet has decided to "suspend all flight operations in Mozambique.
According to the company, competition in the country "began to intensify at the end of 2018 when Ethiopian Airlines entred the market as a domestic carrier," in addition to the state company, Mozambique Airlines (LAM).
"This is the right decision at the moment," said Mark Hurst, Fastjet's interim executive director, quoted in the statement.
The airline hopes to be able to fly again in Mozambique "when the demand for air travel increases sufficiently, compared to the capacity provided," he said.
Fastjet started operating in Mozambique two years ago and in addition to its aircraft, it also operated flights in partnership (code sharing) with LAM, which are also suspended LFO/ADB // ADB.

Agency : LUSA

Date : 2019-10-22 09:22:18


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