Air France-KLM and CMA CGM have decided to withdraw from their existing agreements a year after the supposed long-term deal was first made, citing the tight regulatory environment in certain important markets, particularly the Dutch and US markets, Payload Asia learned.  

The decision was announced on 16 January, and the two will go about their independent ways starting end-March, with new commercial terms and conditions, which are still under discussion, to be set from then onwards. Both parties have also agreed that CMA CGM will step down from the Air France-KLM board of directors on 31 March 2024. 

CMA CGM said it will remain a shareholder in the airline. The parties have agreed to amend the existing lockup period on the logistics operator’s shares in the airline’s capital, which will now be effective until 28 February 2025, from the original 15 June 2025.