CMA CGM forms air cargo partnership with Air France-KLM

CMA CGM Group and Air France-KLM Group have signed a long-term partnership in the air cargo market that will see both parties combine their complementary cargo networks, full freighter capacity and dedicated services.

The agreement, which has an initial duration of 10 years, will involve the French company taking up to a 9% stake in Air France-KLM’s ex-post share capital “for a period consistent with the implementation of the strategic commercial partnership”.

Rodolphe Saadé, Chairman and CEO of the CMA CGM Group said: “[The partnership] allows us to significantly accelerate the development of our air division, CMA CGM Air Cargo, which was created just over a year ago, and to position our two companies among the world’s leading players in air freight.”