News / CMA CGM breaks into air freight with 30% stake in French airline group

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CMA CGM has entered the air freight transport sector, agreeing to purchase a 30% stake in France-based Groupe Dubreuil Aéro.

CMA CGM will inject €50m ($58m) into Groupe Dubreuil Aéro’s share capital, providing the deal is cleared by regulatory authorities, and will take two seats on its board.

The two companies said the investment was prompted by Groupe Dubreuil Aéro’s need to expand its freight business, following the collapse of passenger numbers since the onset of the pandemic.

Groupe Dubreuil Aéro owns two ...