China National Aviation Holding Corporation Limited is a Chinese state-owned enterprise which is the parent company of Air China and Air Macau. The company was formed on 11 October 2002 by the merger of Air China,China Southwest Airlines,and China National Aviation Corporation (Group) Limited.
The major carrier of China could be traced back to China National Aviation Corporation which was nationalized in 1949. In 1988,Air China (Chinese:中国国际航空公司;lit.'China International Airline Company') and other airlines were formed by the separation of commercial activity and regulating body of the government.
After the merger,China National Aviation Corporation's subsidiaries in Hong Kong still using the name "China National Aviation Corporation (Hong Kong) and "China National Aviation Corporation (Group)."
China National Aviation Corporation
China National Aviation Corporation (Group) and China National Aviation Company Limited logo,similar to the defunct company
China National Aviation Corporation was acted as a "window company" in the British Colony since 1984,[citation needed] even after the handover of Hong Kong back to China,and ceased to do business in Hong Kong 10 years later (on 10 August 2007). Several subsidiaries were also incorporated in Hong Kong,such as China National Aviation Corporation (Hong Kong) Limited on 4 August 1992[4] and then China National Aviation Corporation (Group) Limited on 13 June 1995 (CNAC (HK) became its subsidiary)[4] and the subsidiary even used a logo similar to China National Aviation Corporation.
CNAC once owned a significant stake in Dragonair and LSG Lufthansa Service Hong Kong.[5] The stakes,along with 50% stake of Jardine Airport Services (JASL) was transferred to a listed subsidiary China National Aviation Company Limited (former ticker symbol SEHK:1110,incorporated on 3 February 1997). In turn,China National Aviation Company Limited was 69% owned by Air China Limited (acquired from CNAC(G)).[6] The stake in Dragonair (43.29%) was acquired by Cathay Pacific in 2006,[7] and China National Aviation Company Limited was also privatized in 2007 by Air China Limited.[8][9] On 10 June 2008,the 50% stake in JASL was sold back from Air China to CNAC(G).[10]
Dragonair,as of 2016,was a wholly owned subsidiary of Cathay Pacific,which Air China,now a subsidiary of China National Aviation Holding,had a cross ownership between the two listed companies.
CNAC also purchased a building on 10 Queen's Road Central,Central,Hong Kong Island in 1992,[3] known as CNAC Group Building. It was once owned by the listed company China National Aviation Company Limited but sold back to CNAC(G) in 2002.[11] It was sold in 2008 to Shanghai Commercial Bank for HK$1.388billion.[12] It was demolished to make way for the headquarters of Shanghai Commercial Bank.
In January 2021,the United States government named China National Aviation Holding as a company "owned or controlled" by the People's Liberation Army and thereby prohibited any American company or individual from investing in it.[13]
Corporate affairs
Subsidiaries
China National Aviation Holding is the majority owner of several airlines and subsidiaries,including: Airline share ownership and subsidiaries:
↑ "Profit attributable to equity shareholders of the Company"
References
↑ "2015 Annual Report". China National Aviation Holding. Shanghai Clearing House. 29 April 2016. Archived from the original on 2 February 2017. Retrieved 25 January 2017.
↑ "2005 Annual Report (part 5)"(PDF). Air China Limited & China National Aviation Company Limited. Hong Kong Stock Exchange. 2 May 2006. Archived(PDF) from the original on 2 February 2017. Retrieved 25 January 2017.
↑ "Joint Announcement & Resumption of Trading"(PDF). Air China Limited, China National Aviation Company Limited, Cathay Pacific, CITIC Pacific & Swire Pacific. Hong Kong Stock Exchange. 9 June 2006. Archived(PDF) from the original on 2 February 2017. Retrieved 25 January 2017.
↑ "2008 Annual Report"(PDF). Air China Limited. Hong Kong Stock Exchange. 23 April 2009. Archived(PDF) from the original on 2 February 2017. Retrieved 25 January 2017.
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