French shipping giant CMA CGM has submitted a bid to take over Air Belgium’s cargo operations, aiming to expand its footprint in the air freight sector.
The move comes after the business court of Walloon Brabant revoked Air One Belgium’s previous takeover of Air Belgium earlier this month.
Air One Belgium, a consortium of PESO Aviation Management and Air One Holding International, has appealed the decision, with a hearing set for April 3.
CMA CGM’s proposal, set to be reviewed by the court later this month, includes acquiring Air Belgium’s cargo operations while retaining its brand and four aircraft.
The Marseille-based company launched its air cargo division in March 2021 and currently operates four freighters, with two more set to join this year.
By 2026, CMA CGM Air Cargo will further expand its fleet with eight new-generation A350 freighters.