Native name | 中國航空集團有限公司 |
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Company type | State-owned enterprise |
Founded | 11 October 2002 (re-incorporation) |
Headquarters | Air China Plaza, Beijing , China |
Parent | SASAC of the State Council |
Subsidiaries | |
Website | www |
Footnotes /references in a consolidated basis, excluding minority interests [1] |
China National Aviation Holding Corporation Limited | |||
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Simplified Chinese | 中国航空集团有限公司 | ||
Traditional Chinese | 中國航空集團有限公司 | ||
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Air China Group | |||
Simplified Chinese | 中航集团 | ||
Traditional Chinese | 中航集團 | ||
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Second alternative Chinese name | |||
Simplified Chinese | 国航集团 | ||
Traditional Chinese | 國航集團 | ||
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China National Aviation Holding Corporation Limited,also known as Air China Group,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.
The once defunct aforementioned legal person of the group China National Aviation Corporation (Chinese :中國航空股份有限公司),was also re-registered in Hong Kong on 31 August 1984 as a foreign company. [2] The company was re-registered in China in May 1991,which Civil Aviation Administration of China owned 79% stake,Air China,China Eastern Airlines and China Southern Airlines owned 7% each. [3]
On 11 October 2002,the new China National Aviation Corporation merged with Air China and China Southwest Airlines,forming China National Aviation Holding Company (Chinese :中国航空集团公司) under the Law on Industrial Enterprises Owned by the Whole People.
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 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 at 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$1.388 billion. [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]
China National Aviation Holding is the majority owner of several airlines and subsidiaries,including:
Airline share ownership and subsidiaries:
Other operations:
As of August 2023,the Air China and subsidiaries fleet consists of the following aircraft. [20]
Cathay Pacific Airways Limited (CPA),more widely known as Cathay Pacific,is the largest carrier of Hong Kong with its head office and main hub located at Hong Kong International Airport. The airline's operations and its subsidiaries have scheduled passenger and cargo services to over 190 destinations and more than 60 countries worldwide including codeshares and joint ventures. Cathay Pacific operates a fleet consisting of Airbus A321neo,Airbus A330,Airbus A350,and Boeing 777 aircraft. Cathay Cargo operates two models of the Boeing 747. Defunct wholly-owned subsidiary airline Cathay Dragon,which ceased operations in 2020,operated to 44 destinations in the Asia-Pacific region from its Hong Kong base. In 2010,Cathay Pacific and Cathay Cargo,together with Cathay Dragon,transported nearly 27 million passengers and over 1.8 million tons of cargo and mail.
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AHK Air Hong Kong Limited is an all-cargo airline based in Chek Lap Kok,Hong Kong,with its main hub at Hong Kong International Airport. The airline operates an express freight network to 13 destinations in nine countries,including China,Japan,Malaysia,Philippines,Taiwan,Singapore,South Korea,Thailand and Vietnam. It has a fleet of Airbus A300-600F General Freighters,which the airline was the launch customer of this new variant. Its head office is located on the fourth floor of the South Tower of Cathay Pacific City.
CITIC Group Corporation Ltd.,formerly the China International Trust Investment Corporation (CITIC),is a state-owned investment company of the People's Republic of China,established by Rong Yiren in 1979 with the approval of Deng Xiaoping. Its headquarters are in Chaoyang District,Beijing. As of 2019,it is China's biggest state-run conglomerate with one of the largest pools of foreign assets in the world. In 2023,the company was ranked 71st in the Forbes Global 2000.
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Air Macau Company Limited is the flag carrier of Macau. It operates services to 24 destinations in Mainland China,Indonesia,Japan,Singapore,South Korea,Taiwan,Thailand and Vietnam,from the airline's home base at Macau International Airport. In 2014,Air Macau carried 2.12 million passengers with an average load factor of 68.20% and carried 15,900 tonnes of cargo and mail.
Hong Kong Express Airways Limited (HKE),commonly known as Hong Kong Express or HK Express,is a Hong Kong–based low-cost airline fully owned by Cathay Pacific Airways. It provides scheduled air service to 27 destinations in Asia,including Cambodia,China,Japan,South Korea,Taiwan,Thailand and Vietnam. The airline's main hub at Hong Kong International Airport uses a fleet that consists exclusively of the Airbus A320 family. The company slogan is Gotta Go.
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