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25 September 2021 The on-line newspaper devoted to the world of transports 01:53 GMT+2

September 24, 2020

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CMA CGM to acquire 30% of Groupe Dubreuil Aéro

The transaction includes Air Caraibes and French Bee that have a fleet of 14 long-haul aircraft

The CMA CGM French owner-parent group has signed a protocol agreement to acquire 30% of the airline division of the compatriot Dubreuil, which is made up of the airlines Air Carabes and French Bee and is the first private French air group. Air Carabes and French Bee a fleet of 14 long-haul aircraft, including eight Airbus A350s. The agreement provides for the establishment of a centre of competence transport and logistics for the development of air transport.

The entry of the CMA CGM into the capital of the Groupe Dubreuil Aéro will be done either by signing up for an increase in capital both through the purchase of shares in the company.

The parties announced that the transaction had obtained the opinion Representative bodies of Groupe's employees Dubreuil Aéro and is still subject to approval competition authorities in France, Polynesia French and Austria and the authorization of the Ministry Economics and Finance in Paris. At the end of the CMA transaction CGM will have two representatives on the board by Groupe Dubreuil Aéro.

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