CMA CGM to buy stake in Air France-KLM – enters strategic partnership

French carrier CMA CGM is set to acquire up to 9% of Air France-KLM, with the companies forming a partnership on air freight that will initially run for ten years.

CMA CGM, led by CEO Rodolphe Saadé, could be acquiring a stake in aviation company Air France-KLM. | Photo: PR / CMA CGM

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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