CMA CGM and Air France-KLM have announced that they would resign from their current agreements due to regulatory constraints.
The two businesses have begun negotiations on new commercial terms and conditions that would allow them to operate freely starting 31 March 2024.
CMA CGM remains a core shareholder in Air France-KLM. The parties have agreed to amend the existing lockup on CMA CGM shares in Air France-KLM’s capital, which will now be effective until 28 February 2025.
The parties have also agreed that CMA CGM will step down from the Air France-KLM Board of Directors on 31 March 2024.