logo of China National Aviation Holding Company (same as Air China Limited)
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state-owned enterprise | |
Founded | 11 October 2002 | (re-incorporation)
Headquarters | Air China Plaza, Beijing, China |
Revenue | CN¥111.120 billion (2015) |
CN¥8.540 billion (2015) | |
Profit | CN¥3.826 billion (2015) |
Total assets | CN¥225.433 billion (2015) |
Total equity | CN¥42.145 billion (2015) |
Owner | Chinese Central Government (100%) |
Parent | SASAC of the State Council |
Subsidiaries |
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Website | airchinagroup.com |
Footnotes / references in a consolidated basis, excluding minority interests |
China National Aviation Holding Company | |||
Simplified Chinese | 中国航空集团公司 | ||
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Air China Group | |||
Simplified Chinese | 国航集团 | ||
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Transcriptions |
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Transcriptions |
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China National Aviation Holding Company 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; literally: "China International Airline Company") and other airlines were formed by the separation of commercial activity and regulating body of the government.
The once defunct company 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. 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.
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)."