African LCC fastjet and Mozambican national carrier LAM have signed a wide-ranging MOU to explore long-term commercial cooperation.
The MOU, which is thought to be the first of its kind in Africa, was signed at LAM's HQ in Mozambique's capital, Maputo and aims to significantly enhance commercial aviation in the country.
The document covers codeshare and interline agreements between the two carriers, as well as optimized network synergies. Cooperation on other areas such as commercial systems, cargo, engineering and maintenance is also planned.
"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," LAM CEO Antonio Pinto said.
"This is an ... industry-leading public-private partnership initiative," Pinto said. "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, which aims to establish an African Open Skies-type agreement and is one of the early adopters on the continent.
"The approach to commercial cooperation is the first of its kind on the African continent," fastjet CEO Nico Bezuidenhout said. "There is significant opportunity in stimulating not only commercial aviation but also up and downstream economic growth through key cooperative initiatives.