Air France-KLM Group and the CMA CGM Group today on Wednesday signed a long-term strategic partnership in the air cargo market.
The 10-year exclusive partnership will see both parties combine their complementary cargo networks, full freighter capacity and dedicated services in order to build an even more competitive offer.
Air France-KLM and CMA CGM will join and exclusively operate the full-freighter aircraft capacity of the respective airlines consisting initially of a fleet of 10 full-freighter aircraft, and an additional combined 12 aircraft on order.
The aircraft on order include four full-freighter aircraft at CMA CGM Air Cargo, with outstanding orders for an additional 8 aircraft, 2 of which may be operated by Air France-KLM in the future. The other aircraft on order are six full-freighter aircraft at Air France-KLM Group based at Paris-Charles de Gaulle airport and Amsterdam Airport Schiphol, with outstanding orders for an additional four aircraft.
The partnership also covers Air France-KLM’s belly aircraft capacity, including over 160 long-haul aircraft. The partnership is expected to generate significant revenue synergies including the joint design of the full freighter networks and enhanced products and services mix opportunities.
“I am very pleased with this strategic partnership with Air France-KLM. It allows us to significantly accelerate the development of our air division, CMA CGM Air Cargo, which was created just over a year ago, and to position our two companies among the world’s leading players in air freight,” said Rodolphe Saadé, Chairman and CEO of the CMA CGM Group. “This partnership is fully in line with CMA CGM’s strategy and its ambition to become a leader in integrated logistics, for the benefit of its customers.”
“This strategic partnership leverages the complementary skills,” Air France-KLM Group CEO Mr. Benjamin Smith said: “It is a landmark step which will significantly strengthen and expand the Group’s position in the air cargo industry.”
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