Three musketeers in the skies
Air France-KLM Group and the CMA CGM Group have signed an initially ten-year strategic partnership in the air cargo market. Subject to approval by the relevant regulators and consultation of employee representatives, this exclusive partnership will see both parties combine their complementary cargo networks, full freighter capacity and dedicated services to create a more competitive offer.
The combined fleet will initially consist of ten full-freighter aircraft (four at CMA CGM and six at Air France-KLM Group), and an additional combined twelve aircraft on order.
As part of this long-term exclusive partnership, CMA CGM will reinforce its commitment in the air freight industry by becoming a new reference shareholder in Air France-KLM, taking up to 9% of Air France-KLM’s ex-post share capital. (ah)