Air France-KLM and CMA CGM have decided to withdraw from their existing agreement as of March 31, 2024. The tight regulatory environment in certain important markets had prevented optimal cooperation for the companies, which ultimately led to the decision.
Air France-KLM and CMA CGM have begun discussions on new terms and conditions of a commercial relation to operate independently from March 31, 2024 onwards.
CMA CGM remains a core shareholder in Air France-KLM. The parties have agreed to amend the existing lockup on CMA CGM shares in Air France-KLM’s capital, which will now be effective until February 28, 2025. The parties have agreed that CMA CGM will step down from the Air France-KLM Board of Directors on March 31, 2024.
Both groups remain committed to work collaboratively, to ensure cargo customers can continue to benefit from their respective networks.
The original Air France-KLM and CMA CGM cargo commercial cooperation agreement came into effective April 2023 and was intended to have an initial duration of 10 years.