The Limited Times

Now you can see non-English news...

CMA CGM gives up boarding Air Caraïbes and French Bee

2021-02-11T19:37:09.512Z


INFO LE FIGARO - The shipowner has abandoned his plan to take 30% of the aero division of the Dubreuil group. The latter must bounce back.


CMA CGM is changing course in the airline industry.

At the end of September, the world's fourth largest player in maritime transport announced its desire to acquire 30% of the capital of the aero branch of the Dubreuil group (Air Caraïbes and French Bee).

The owner thus wished to develop in air freight by using the holds of the planes of the two companies.

This very advanced project had been sealed by both parties with a memorandum of understanding.

Read also:

CMA CGM obtains 1 billion euros of loan guaranteed by the State

According to our information, the group led by Rodolphe Saadé has given up on this operation.

"CMA CGM has put an end to discussions with the Dubreuil group to take a 30% stake in its aero division,"

says the Marseille group.

This about-face was recorded at the end of 2020: the two allies of circumstance, who had submitted their file on November 19 to the Competition Authority to obtain its agreement, withdrew it.

However, CMA CGM is not giving up its ambitions in air freight: at the end of 2020, the group created an Air Cargo division.

And he just bought

This article is for subscribers only.

You have 65% left to discover.

Subscribe: 1 € the first month

Can be canceled at any time

I ENJOY IT

Already subscribed?

Log in

Source: lefigaro

All business articles on 2021-02-11

You may like

Life/Entertain 2024-03-15T09:45:27.286Z
News/Politics 2024-02-23T19:42:28.900Z

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.