CMA CGM plans to take up to 9 percent of Air France-KLM as the freight and transport group sets its eyes on becoming a key player in air cargo and a leader in integrated logistics.
The two companies have signed a long-term partnership that will see both parties combine their networks, freighter capacity and dedicated services to improve their company offer.
The agreement, with an initial duration of 10 years, will see both companies pooling their networks and cross-selling capacity of the six Air France full freighters based at the main Paris and Amsterdam airports and the four full-freighter aircraft at CMA CGM Air Cargo. The combined capacity will comprise a fleet of 10 full-freighter aircraft, and an additional combined 12 aircraft on order.
The new commercial partnership also covers cross-selling of Air France-KLM’s belly capacity, including over 160 long-haul aircraft.