Ocean carrier CMA CGM continues to invest in air cargo. The latest moves include the acquisition of troubled Air Belgium and its logistics subsidiary launching a China-U.S. air charter service.
Air Belgium says it never recovered from lost business during the COVID pandemic, in contrast to most passenger carriers. It says it can’t make money selling tickets to consumers and will focus on doing business with other airlines.
Container shipping line CMA CGM wants to be an airline too. Its new air cargo unit has identified Chicago as its first destination and is giving preferential space on its aircraft to subsidiary CEVA Logistics.
Ocean carriers as airlines? No one thought an online retailer would own a private airline until Amazon did it. The ocean carrier also owns a logistics company. You connect the dots.
