Air France-KLM and CMA CGM join forces and sign a major long-term
strategic partnership in global air cargo
18 May 2022
Air France-KLM and CMA CGM join forces
and sign a major
long-term strategic
partnership in global air
cargo
-
Industrial
cooperation
combines Air France-KLM's air transport
experience and know-how with CMA
CGM's global supply chain expertise
and assets ;
- Air France-KLM and
CMA CGM to jointly sell
their air freight
capacity,
providing customers with more options for their
transportation needs
;
- CMA CGM
to become
a reference
shareholder in Air
France-KLM.
[Paris, Marseille,
18 May 2022] – Air France-KLM
Group and the CMA CGM Group today announced that they have signed a
long-term strategic partnership in the air cargo market1. This
exclusive partnership will see both parties combine their
complementary cargo networks, full freighter capacity and dedicated
services in order to build an even more competitive offer thanks to
the unrivalled know-how and global footprint of Air France-KLM and
CMA CGM.
A 10-year
exclusive strategic
commercial partnership
to
strengthen
their air cargo offering
CMA CGM and Air France-KLM share a strong
ambition to invest and grow sustainably in the air freight
business.
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:
- 4 full-freighter aircraft at CMA
CGM Air Cargo (with outstanding orders for an additional 8
aircraft, 2 of which may be operated by Air France-KLM in the
future),
- 6 full-freighter aircraft at Air
France-KLM Group based at Paris-Charles de Gaulle airport and
Amsterdam Airport Schiphol (with outstanding orders for an
additional 4 aircraft)2.
This new commercial partnership also covers Air
France-KLM’s belly aircraft capacity, including over 160 long-haul
aircraft.
The partnership will leverage both partners’
respective global sales teams, presenting one voice to the
customer.
The strategic commercial partnership is expected
to generate significant revenue synergies including the joint
design of the full freighter networks and enhanced products and
services mix opportunities. It will help meet customers'
ever-increasing need for more integrated and resilient supply
chains and will leverage Air France-KLM’s vast existing franchise,
experience and capabilities in air freight, backed by a global
cargo network. CMA CGM will mobilize its large commercial network
and global logistics platform and will complete this offer with
innovative logistics and multimodal solutions, particularly in sea
and land transport.
CMA CGM Group
to become
a reference shareholder
of Air France-KLM
Group
As part of this long-term exclusive partnership,
CMA CGM will reinforce its commitment in the air freight industry
by becoming a new reference shareholder in Air France-KLM. CMA CGM
has the firm intention to take up to 9% of Air France-KLM’s ex-post
share capital, for a period consistent with the implementation of
the strategic commercial partnership.
This investment could be made as part of the
contemplated capital increase of Air France-KLM, as announced on
February 17th, 20223. Air France-KLM’s main shareholders will
support a resolution for the appointment of one board member
representing CMA CGM at the next shareholders’ meeting (May 24th,
2022). Such appointment, if approved by the shareholders’ meeting,
would be subject to the completion of CMA CGM’s investment.
Rodolphe
Saadé, Chairman and CEO of
the CMA CGM
Group said: "I am very pleased with this strategic
partnership with Air France-KLM. It allows us to significantly
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. This
partnership is fully in line with CMA CGM's strategy and its
ambition to become a leader in integrated logistics, for the
benefit of its customers. Through our stake in the company, Air
France-KLM will be able to count on us to support its future
development.”
Air France-KLM Group
CEO Mr. Benjamin Smith said: “This strategic 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. I am also extremely pleased that this commercial
partnership with CMA CGM has resulted in their decision to invest
directly in the Air France-KLM Group, demonstrating a strong
testimony of their belief in the future success of our Group.”
Air France-KLM and CMA CGM: two
global players with European
roots and strong sustainability
commitments
Air France-KLM and CMA CGM are leaders in the
transportation and logistics industry. They share an ambition to
increase the sustainability and have both committed to Net Zero
Carbon by 2050.
Air France-KLM is one of the leading airline
groups in the field of airfreight
- It carries an extensive Full
Freighter and Wide Body Belly (WBB) aircraft network built around
two global hubs at Paris-Charles de Gaulle airport and Amsterdam
Airport Schiphol, both fitted with state-of-the-art cargo
facilities and serving 295 destinations across 110 countries.
- Air France-KLM has teams present in
116 stations covering a total network of 390 handling stations
spread over all continents, making its commercial network one of
the strongest in the airfreight industry. Air France-KLM has a
long-standing experience and know-how in the field of specialized
cargo (pharmaceuticals, perishables, express, etc.) and has
developed one of the most advanced digital service solutions in the
air freight industry.
- Air France-KLM runs a unique and
industry-leading digital distribution platform where customers can
make bookings and manage their business 24/7. It also leads
the way in the field of sustainability, having introduced the
Sustainable Aviation Fuel (SAF) Program in December 2021.
CMA CGM accelerates its strategic transformation
into a global logistics leader
- With this industrial cooperation,
the CMA CGM Group is moving forward with its plan to develop and
provide end-to-end shipping and logistics solutions in order to
support its customers’ supply chains. The Group announced, during
the last three years, the acquisitions of CEVA Logistics, Ingram
Micro’s Commerce & Lifecycle Services (CLS), Colis Privé and
GEFCO. With these operations, CMA CGM have accelerated its
strategic development into a global logistics leader.
-
In March 2021, Rodolphe Saadé, Chairman and CEO of the CMA CGM
Group, created CMA CGM Air Cargo, a whole new operational and
commercial arm specialized in air freight. CMA CGM Air Cargo
provides the Group’s customers with an offering that harnesses the
tight fit between shipping and logistics. This air cargo division
has been expanding rapidly, thanks in particular to the entry into
service of several full-freighter aircraft, and orders for new
aircraft which will significantly boost the capacity in the months
and years to come.
- The CMA CGM Group, a global leader
in sea, land, air and logistics solutions, is present in 160
countries through its network of more than 400 offices and 750
warehouses. With its subsidiary CEVA Logistics, a world leader in
logistics, which transports 400,000 tons of air freight and 2.8
million tons of land freight each year, and its air freight
division CMA CGM Air Cargo, the CMA CGM Group is continually
innovating to offer its customers a complete and increasingly
efficient range of new shipping, land, air and logistics
solutions.
Air France-KLM
Investor
Relations PressFrédéric
Kahane
Michiel
Klinkers +33
1 49 89 52
59 +33
1 49 89 52
60 +33
1 41 56 56 00frkahane@airfranceklm.com
Michiel.Klinkers@airfranceklm.com
CMA CGM
Mélanie Rigaud +334 88 91 96
26media@cma-cgm.comho.mrigaud@cma-cgm.com
About CMA CGMLed by Rodolphe
Saadé, the CMA CGM Group, a global leader in shipping and
logistics, serves more than 420 ports around the world on five
continents. Backed by a fleet of 566 vessels, in 2021 the Group
transported 22 million TEU (twenty-foot equivalent units)
containers. With its subsidiary CEVA Logistics, a world leader in
logistics, which transports 474,000 tons of air freight and more
than 21 million tons of land freight each year, and its air freight
division CMA CGM AIR CARGO, the CMA CGM Group is continually
innovating to offer its customers a complete and increasingly
efficient range of new shipping, land, air and logistics solutions.
Committed to the energy transition in shipping, and a pioneer in
the use of alternative fuels, the CMA CGM Group has set a target to
become Net Zero Carbon by 2050. Through the CMA CGM Foundation,
every year the Group helps thousands of children through its
actions to promote education for all and equal opportunity. The CMA
CGM Foundation also acts in humanitarian crises that require an
emergency response by mobilizing the Group’s shipping and logistics
expertise to bring humanitarian supplies around the world. Present
in 160 countries through its network of more than 400 offices and
750 warehouses, the Group employs more than 130,000 people
worldwide, including 2,900 in Marseilles where its head office is
located.
Learn more at cmacgm-group.comFollow the CMA CGM Group
on:
About Air France-KLM
A global player with a strong European base, the
Air France-KLM Group’s main areas of business are passenger
transport, cargo transport and aeronautical maintenance. Air
France-KLM is a leading airline Group in terms of international
traffic on departure from Europe. It offers its customers access to
a worldwide network, covering over 300 destinations thanks to Air
France, KLM Royal Dutch Airlines and Transavia, mainly from its
hubs at Paris-Charles de Gaulle and Amsterdam-Schiphol.Its Flying
Blue frequent flyer programme is one of the leaders in Europe with
over 17 million members.Together with its partners Delta Air Lines
and Virgin Atlantic, Air France-KLM operates the largest
transatlantic joint venture, with more than 340 daily flights in
2019. Air France-KLM is also a member of the SkyTeam, the alliance
dedicated to providing passengers with a more seamless travel
experience at every step of their journey 19 member airlines
working together across an extensive global network. Recognized for
17 years as an industry leader in sustainable development, the Air
France-KLM Group is determined to accelerate the transition to more
sustainable aviation. Since 2003, the Air France-KLM Group has been
a member of the United Nations Global Compact. The aim is to make a
significant contribution to the UN Sustainable Development Goals in
connection with the Group’s activities.
Air France-KLM press
office: +33 (0)1 41 56 56 00 –
mail.mediarelations@airfranceklm.comairfranceklm.com
@AirFranceKLM
1 This deal remains subject to approval by the
relevant regulators and consultation of employee representatives.2
Operated by Air France, KLM and Martinair.
3 The launch of this potential capital increase
remains subject to market conditions and necessary legal and
regulatory approvals.
- Air France-KLM Press Release - strategic partnership ENG
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