French container line CMA CGM seeks to establish a freight alliance with aviation giant Air France-KLM, with the latter set to divest a stake to the carrier, with the share amounting to 9% of the company’s equity, according to a press release.
The two companies will begin with a fleet totaling ten transport planes – four from CMA CGM’s air freight company and six from Air France-KLM. These will later be joined by another 12 planes currently on order.
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