FRENCH shipping giant cma CGM and Air France-KLM have signed a 10-year partnership in global air cargo, reports Bloomberg.
'This allows us to 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 CMA CGM chairman and CEO Rodolphe Saade.
'This is fully in line with CMA CGM's strategy and its ambition to become a leader in integrated logistics. Through our stake in the company, Air France-KLM will be able to count on us to support its future development,' said Mr Saade.
Said Air France-KLM chief executive Benjamin Smith: 'This partnership leverages the complementary skills, expertise, and activities of Air France-KLM and CMA CGM. It is a landmark step which will significantly strengthen and expand the group's position in the air cargo industry.'
Air France-KLM and CMA CGM will jointly sell their air freight capacity, providing customers with more options for their transportation needs. This exclusive partnership will see both parties combine their complementary cargo networks, full freighter capacity, and dedicated services to build an even more competitive offer.
The agreement will have an initial duration of 10 years. 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.
They have four full-freighter aircraft at CMA CGM Air Cargo (with outstanding orders for an additional eight aircraft, two of which may be operated by Air France-KLM in the future.
Also, six full-freighter aircraft at Air France-KLM based at Paris-Charles de Gaulle airport and Amsterdam Airport Schiphol (with outstanding orders for an additional four aircraft).
This new commercial partnership also covers Air France-KLM's belly aircraft capacity, including over 160 long-haul aircraft.
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'This allows us to 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 CMA CGM chairman and CEO Rodolphe Saade.
'This is fully in line with CMA CGM's strategy and its ambition to become a leader in integrated logistics. Through our stake in the company, Air France-KLM will be able to count on us to support its future development,' said Mr Saade.
Said Air France-KLM chief executive Benjamin Smith: 'This partnership leverages the complementary skills, expertise, and activities of Air France-KLM and CMA CGM. It is a landmark step which will significantly strengthen and expand the group's position in the air cargo industry.'
Air France-KLM and CMA CGM will jointly sell their air freight capacity, providing customers with more options for their transportation needs. This exclusive partnership will see both parties combine their complementary cargo networks, full freighter capacity, and dedicated services to build an even more competitive offer.
The agreement will have an initial duration of 10 years. 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.
They have four full-freighter aircraft at CMA CGM Air Cargo (with outstanding orders for an additional eight aircraft, two of which may be operated by Air France-KLM in the future.
Also, six full-freighter aircraft at Air France-KLM based at Paris-Charles de Gaulle airport and Amsterdam Airport Schiphol (with outstanding orders for an additional four aircraft).
This new commercial partnership also covers Air France-KLM's belly aircraft capacity, including over 160 long-haul aircraft.
SeaNews Turkey
