China National Aviation Holding

Chinese state-owned enterprise From Wikipedia, the free encyclopedia

China National Aviation Holding

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.

Quick Facts Native name, Company type ...
China National Aviation Holding Corporation Limited
Native name
中國航空集團有限公司
Company typeState-owned enterprise
Founded11 October 2002; 22 years ago (2002-10-11) (re-incorporation)
HeadquartersAir China Plaza,
Beijing
,
China
Subsidiaries
Websitewww.airchinagroup.com
Footnotes / references
in a consolidated basis, excluding minority interests[1]
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Quick Facts Simplified Chinese, Traditional Chinese ...
China National Aviation Holding Corporation Limited
Simplified Chinese中国航空集团有限公司
Traditional Chinese中國航空集團有限公司
Transcriptions
Air China Group
Simplified Chinese中航集团
Traditional Chinese中航集團
Transcriptions
Second alternative Chinese name
Simplified Chinese国航集团
Traditional Chinese國航集團
Transcriptions
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History

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Origins of China National Aviation Holding

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

Thumb
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$1.388 billion.[12] It was demolished to make way for the headquarters of Shanghai Commercial Bank.

U.S. sanctions

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

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Subsidiaries

China National Aviation Holding is the majority owner of several airlines and subsidiaries, including:
Airline share ownership and subsidiaries:


Other operations:

The key trends for the Air China Group are (as of the financial year ending 31 December):[20]

More information Totalrevenue (RMB b), Netprofit (RMB b) ...
Total
revenue
(RMB b)
Net
profit
[a]
(RMB b)
Number of
passengers
(m)
Passenger
load factor
(%)
Cargo and
mail carried
(000 tons)
Total
aircraft
References
2010 80.4 11.9 60.0 80.0 1,347 393 [21]
2011 95.9 7.5 69.6 81.4 1,426 432 [22]
2012 99.6 4.8 72.4 80.4 1,460 461 [23]
2013 98.2 3.2 80.8 77.6 1,456 497 [24]
2014 105 3.8 83.0 79.8 1,552 540 [25]
2015 110 7.0 89.8 79.9 1,664 590 [26]
2016 115 6.8 96.6 80.6 1,769 623 [27]
2017 121 7.2 101 81.1 1,841 655 [28]
2018 136 7.3 109 80.6 1,460 684 [29]
2019 136 6.4 115 81.0 1,434 699 [30]
2020 69.5 −14.4 68.6 70.3 1,113 707 [31]
2021 74.5 −16.6 69.0 68.6 1,186 746 [32]
2022 52.8 −38.6 38.6 62.7 844 762 [33]
2023 148 −1.0 130 73.2 1,070 905 [34]
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Fleet

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Perspective

As of February 2025, the combined fleet of Air China and its subsidiaries consists of the following aircraft:[35]

Notes

  1. "Profit attributable to equity shareholders of the Company"

References

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