Transportation
Air France-KLM Scraps Cargo Deal With French Shipper CMA CGM
- Regulatory approval proved difficult for the two companies
- Air cargo growth rates have plummetted after the pandemic
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Air France-KLM and container shipping giant CMA CGM SA are scrapping a year-old cargo alliance, saying tough regulation in some markets prevented the cooperation from properly taking off.
The two French transporters plan to withdraw from their agreement from the end of March, one year after it took effect, according to separate statements on Tuesday. They will enter talks to operate independently.