CMA CGM braces for an even greater financial hit from French windfall tax
French MPs have amended a bill before parliament that would make a temporary windfall tax ...
AAPL: SHIFTING PRODUCTIONUPS: GIVING UP KNIN: INDIA FOCUSXOM: ANOTHER WARNING VW: GROWING STRESSBA: OVERSUBSCRIBED AND UPSIZEDF: PRESSED ON INVENTORY TRENDSF: INVENTORY ON THE RADARF: CEO ON RECORD BA: CAPITAL RAISING EXERCISEXPO: SAIA BOOSTDSV: UPGRADEBA: ANOTHER JUMBO FUNDRAISINGXPO: SAIA READ-ACROSSHLAG: BOUYANT BUSINESS
AAPL: SHIFTING PRODUCTIONUPS: GIVING UP KNIN: INDIA FOCUSXOM: ANOTHER WARNING VW: GROWING STRESSBA: OVERSUBSCRIBED AND UPSIZEDF: PRESSED ON INVENTORY TRENDSF: INVENTORY ON THE RADARF: CEO ON RECORD BA: CAPITAL RAISING EXERCISEXPO: SAIA BOOSTDSV: UPGRADEBA: ANOTHER JUMBO FUNDRAISINGXPO: SAIA READ-ACROSSHLAG: BOUYANT BUSINESS
PRESS RELEASE
3 April 2023
– A commercial joint-venture that combines both groups’ complementary air cargo offerings with extended freighter capacity, a broader network of destinations and tailormade solutions.
– A compelling offering for customers, delivered via an unrivalled distribution network as well as a digital one-stop shop accessible 24/7.
– A shared ambition to invest in and shape the future of air cargo with game-changing solutions, focusing on sustainability, smart digitalization, and integrated technologies.
[Paris, Marseille, April 3, 2023] Air France-KLM and the CMA CGM Group announced today the effective launch of the long-term strategic air cargo partnership they made public in May 2022. This partnership will have an initial duration of 10 years and will see Air France-KLM Martinair Cargo, part of Air France-KLM Group, and CMA CGM Air Cargo, part of the CMA CGM Group, combine their complementary cargo networks, full freighter capacity and dedicated services to build an even more compelling offering thanks to their unrivalled knowhow and global footprint.
This agreement has received all the mandatory regulatory approvals from the competent authorities1 .
Meeting customers’ needs with unique seamless services across the globe
The partnership will help meet customers’ ever-increasing need for more integrated and resilient supply chains. It will leverage Air France-KLM’s vast air cargo franchise, experience and capabilities, especially as they pertain to specialized cargo (pharmaceuticals, perishables, express, etc.), backed by a worldwide cargo network and state-of-the-art facilities at its global hubs at Paris-Charles de Gaulle airport and Amsterdam Airport Schiphol. For its part, CMA CGM will mobilize its large commercial network and global logistics platform.
The deal will tap into the groups’ respective strengths to provide customized, agile, efficient, and cost-effective services for customers. The combined offering will allow them to benefit from greater freighter and belly capacity, a more extensive network of destinations, a mix of scheduled and charter flights, improved transit times and flexibility, as well as tailored connections across the world. Customers will benefit from enhanced customer support thanks to a global network of agencies, and a specialized service desk will address specific requirements, including a dedicated BIG desk for large shipments.
Customers will have direct access to a dedicated online platform (“myCargo”) and digital services for easy online bookings available 24/7, as well as expert customer service. Since March 20, 2023, CMA CGM flights are available for booking on myCargo and customers can easily book and combine flights operated by Air France, KLM, Martinair or CMA CGM Air Cargo on this industry-leading digital one-stop shop.
To read the full statement, please click here.
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