Independent journal on economy and transport policy
18:58 GMT+1
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Further step of the CMA CGM in the field of air cargo transport through an agreement with Air France-KLM
Joint management of a fleet of ten aircraft to which another 12 will be added. The shipowning group will acquire up to 9% of the airline's capital
May 18, 2022
This partnership will result in the joint management of a fleet of ten cargo aircraft to which will be added another 12 aircraft already ordered. To the four aircraft already in possession of CMA CGM Air Cargo, which has set orders for an additional eight aircraft, two of which may be operated by Air France-KLM, six full-freighter aircraft based at the airport will be joined Charles de Gaulle in Paris and Amsterdam Shiphol Airport of Air France-KLM, to which four aircraft will already be added ordered.
In addition, to confirm its interest in expanding the its presence in the air transport market, CMA CGM has announced the intention to acquire up to 9% of the capital of Air France-KLM, an operation that could be carried out as part of the possible capital increase announced in February by Air France-KLM. Meanwhile, the main shareholders of the company will undertake to support a resolution for the appointment of a representative of the CMA CGM on the Board of Directors of Air France-KLM, appointment to be approved by the shareholders' meeting scheduled for May 24 and that will be subject to the completion of CMA CGM's investment in the airline.
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