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CMA CGM buys 30 percent of French airline

CMA CGM has acquired a stake in a French airline in an effort to strengthen its position in air freight, says CEO Rodolphe Saadé.

Rodolphe Saade, chairman and CEO of CMA CGM. | Photo: PR / CMA CGM

French container line CMA CGM buys 30 percent of similarly French airline Groupe Dubreuil Aero as part of the company's efforts to develop its logistics activities, says CMA CGM in a press release.

CMA CGM pays EUR 70 million for the stake in Dubreuil Aero. The airline owns the two companies Air Caraibes and French Bee, which operate cargo planes between France and French territories. The company had a revenue of EUR 700 million in 2019.

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