News / CMA CGM to invest in AF-KLM, merging airfreight capacity and sales

Shipping line vertical consolidation took a further step today as cash-rich CMA CGM bought a stake in Air France-KLM and announced they will merge freighter fleets.

The owner of Ceva Logistics and now Gefco made $17.8bn in profit in 2021, and is further strengthening its foothold in the French logistics market with the investment, while gaining an experienced partner to take care of its freighter aspirations.

AF-KLM and CMA CGM have signed a 10-year, exclusive partnership to combine their cargo networks and ...