Air France-KLM, CMA CGM sign 10-year pact to strengthen air cargo offering

To strengthen air cargo offering, Air France-KLM Group and CMA CGM Group signed a 10-year long-term strategic agreement to combine their cargo networks, and full freighter capacity. Both the companies are committed to grow and invest sustainably in the air freight business in the coming years. “The agreement will have an initial duration of 10 years. Air France-KLM and CMA CGM will operate the full-freighter aircraft capacity of the respective airlines comprising a fleet of 10 full-freighter aircraft, and an additional combined 12 aircraft, which will be ordered later. The strategic commercial partnership is expected to generate significant revenue, and enhanced products and services,” read a company statement.