ContainersEuropePorts and Logistics

Diversifying CMA CGM develops air cargo division with purchase of four freighter planes

Diversification at French liner CMA CGM is accelerating with news of the establishment of an air cargo division. CMA CGM Air Cargo has been created with the purchase of four four Airbus A330-200F freighters. Like containerline freight rates, air cargo rates are currently exceptionally high.

Rodolphe Saadé, chairman and CEO of the CMA CGM, commented: “In response to the growing demand from our customers for agile logistics solutions, we are creating a new division within the CMA CGM Group dedicated to air transport: CMA CGM Air Cargo. This division will launch with four Airbus A330-200F aircraft and will leverage commercial partnerships with airlines in order to deliver global coverage. This is a major milestone in the development of our logistics services.”

In September last year the Marseille-headquartered liner bought a 30% stake in French airline company Groupe Dubreuil Aero. Dubreuil Aero owns the Air Caraibes and French Bee lines, which operate primarily between mainland France and overseas French territories.

In 2019, CMA CGM completed its acquisition of CEVA Logistics.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.


Back to top button