The CMA CGM Group (CMA CGM) and Air France-KLM Group (Air France-KLM) have signed a long-term strategic partnership to combine their complementary cargo networks, full freighter capacity, and dedicated services.
Upon approval by the relevant regulators and consultation of employee representatives, the agreement will have an initial duration of 10 years.
The partners have agreed to join and exclusively operate the full-freighter aircraft capacity of the respective airlines consisting initially of a fleet of 10 full-freighter aircraft, and an additional combined 12 aircraft on order.
As part of this long-term exclusive partnership, CMA CGM will become a new reference shareholder in Air France-KLM, with the intention to take up to 9 per cent of Air France-KLM’s ex-post share capital, for a period consistent with the implementation of the commercial partnership.
The company has announced that it will mobilise its commercial network and global logistics platform and complete this offer with logistics and multimodal solutions, particularly in sea and land transport.
“I am very pleased with this strategic partnership with Air France-KLM,” said Rodolphe Saadé, Chairman and CEO of CMA CGM.
“It 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.
“This partnership is fully in line with CMA CGM’s strategy and its ambition to become a leader in integrated logistics, for the benefit of its customers. Through our stake in the company, Air France-KLM will be able to count on us to support its future development.”
Earlier this week, CMA CGM implemented its new Early Container Return Incentive Programme at several of its terminals in the US to accelerate the return of empty containers and improve supply chain velocity.