THE cma CGM Group has increased its stake in the airfreight sector by completing the acquisition of Air Belgium and its fleet of four freighters.
The Marseille-based shipping giant announced the transfer of assets from Air Belgium in a press release on April 30.
CMA CGM Group gained approval for its binding takeover from the Brabant Wallon Commercial court on March 27 after it submitted a proposal on March 19. The asset transfer agreement with the liquidator has also been concluded.
The acquisition includes Air Belgium's aircraft capacity, comprising two Airbus A330-243Fs and two Boeing 747-8Fs, according to London's Air Cargo News.
The Air Belgium brand will maintain operations within the CMA CGM Group's air cargo division and the aircraft will be operated from Belgium.
CMA CGM intends to use the additional capacity to create more tailored forwarding, shipping and logistics solutions.
This acquisition continues the 2021-2023 partnership between the airlines.
During this period, CMA CGM Air Cargo had a deal with Air Belgium for the airline to operate its four A330Fs from Liege before it obtained its own French air operator certificate and established operations at Paris-Charles de Gaulle.
72 pilots and 52 operational and support staff will also be retained from Air Belgium.
Damien Mazaudier, executive vice president of the air division at CMA CGM Group, stated: 'The acquisition of Air Belgium marks an important step in the expansion of the CMA CGM Group's air freight operations in Europe and worldwide. By preserving skilled jobs and accelerating the development of our network, this operation demonstrates our commitment to our customers and our ability to anticipate market evolutions.'
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The Marseille-based shipping giant announced the transfer of assets from Air Belgium in a press release on April 30.
CMA CGM Group gained approval for its binding takeover from the Brabant Wallon Commercial court on March 27 after it submitted a proposal on March 19. The asset transfer agreement with the liquidator has also been concluded.
The acquisition includes Air Belgium's aircraft capacity, comprising two Airbus A330-243Fs and two Boeing 747-8Fs, according to London's Air Cargo News.
The Air Belgium brand will maintain operations within the CMA CGM Group's air cargo division and the aircraft will be operated from Belgium.
CMA CGM intends to use the additional capacity to create more tailored forwarding, shipping and logistics solutions.
This acquisition continues the 2021-2023 partnership between the airlines.
During this period, CMA CGM Air Cargo had a deal with Air Belgium for the airline to operate its four A330Fs from Liege before it obtained its own French air operator certificate and established operations at Paris-Charles de Gaulle.
72 pilots and 52 operational and support staff will also be retained from Air Belgium.
Damien Mazaudier, executive vice president of the air division at CMA CGM Group, stated: 'The acquisition of Air Belgium marks an important step in the expansion of the CMA CGM Group's air freight operations in Europe and worldwide. By preserving skilled jobs and accelerating the development of our network, this operation demonstrates our commitment to our customers and our ability to anticipate market evolutions.'
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