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.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

3i buys AMP out of Esvagt

Private equity firm 3i, which owns half of carrier Esvagt, has agreed with the company's second owner, AMP Capital, to take over all of Esvagt for GBP 268 million, making 3i the sole owner. The transaction is expected to close in the first quarter of 2022.

Further reading

Related articles

Latest news

See all jobs