PARIS – Air France-KLM (LON:0LN7) and shipping group CMA CGM have announced that their cargo cooperation agreement will terminate on March 31, amid regulatory challenges. Despite this development, the two companies will continue their commercial relationship under revised terms.
The partnership, which has been a significant collaboration between air and maritime transport sectors, will see a shift as CMA CGM steps down from the Air France-KLM Board at the end of the agreement period. However, CMA CGM will retain its status as a key shareholder in the airline group, with a commitment to extend their share lockup until February 28, 2025.
This move reflects a strategic adjustment by both companies as they navigate the complexities of regulatory requirements while maintaining a strong business relationship. The revised commercial terms following the end of their cargo agreement have not been disclosed, but the ongoing engagement between Air France-KLM and CMA CGM indicates a continued alliance in some capacity.
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