Mozambique Airline to Buy Embraer Aircraft Worth $90 Million, O Pais Says

Mozambique’s national airline, Linhas Aereas de Mocambique, will next year buy two Embraer aircraft valued at $90 million with part financing from an unnamed commercial bank, independent daily O Pais reported, citing Chairman Teodoro Waty.

The deal will help the state run airliner’s intercontinental flight plans, The Maputo-based newspaper cited Waty as saying.

To contact the reporter on this story: Fred Katerere in Maputo at fkaterere@bloomberg.net

To contact the editor responsible for this story: Tim Smith at tsmith58@bloomberg.net

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