But why is CMA CGM flying to the aid of Air France-KLM?
The Marseilles shipowner, now in great shape, does not hesitate to approach a barely convalescent air carrier, which has accumulated nearly 11 billion euros in losses over the past two years.
On Tuesday, the two groups announced together that they had entered into a
“major long-term strategic partnership in air cargo”.
With this agreement,
“CMA CGM will become a reference shareholder of Air France-KLM”.
Clearly, the world's third largest container ship operator will take up to 9% of the Franco-Dutch company.
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At first glance, it's the Roissy-based group that does the trick.
Its management has been repeating it for several months: Air France-KLM needs to strengthen its equity to the tune of 4 billion euros, in particular via a capital increase.
For this, the group is counting on the support of current shareholders and is also looking for new investors.
The French (28.6%) and Dutch (9.3%) states have…
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