Air France-KLM and French shipping giant CMA CGM will end their existing joint venture on March 31, 2024, a year after its launch. The companies have also paved the way for a potential accelerated exit of the cargo forwarder from Air France-KLM’s shareholding.

The two French firms blamed “the tight regulatory environment in certain important markets” for preventing optimal cooperation under the framework of the deal put into force in April 2023. Reuters reported, citing unnamed sources, that the regulatory snag pertained to the United…

Source: ch aviation
Read more: Air France-KLM, CMA CGM end JV; open path for divestment