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China National Aviation Holding

From Wikipedia - Reading time: 10 min
Not to be confused with China National Aviation Corporation.
China National Aviation Holding
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
ParentSASAC of the State Council
Subsidiaries
Websitewww.airchinagroup.com Edit this at Wikidata
Footnotes / references
in a consolidated basis, excluding minority interests[1]
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

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.

History

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Origins of China National Aviation Holding

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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

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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 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.

U.S. sanctions

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Further information: United States sanctions against China

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

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

Other operations:

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

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]

Fleet

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As of August 2023, the Air China and subsidiaries fleet consists of the following aircraft.[35]

China National Aviation Holding fleet
Type In service Orders Operators
Airbus A319-100 38 — Air China, Shenzhen Airlines
Airbus A319neo — 13[36] Air China
Airbus A320-200 123 — Air China, Air Macau, Shenzhen Airlines
Airbus A320neo 80 30[36][37] Air China, Air Macau, Shenzhen Airlines
Airbus A321-200 69 — Air China, Air Macau
Airbus A321neo 36 57[36][37] Air China, Air Macau, Shenzhen Airlines
Airbus A330-200 22 — Air China
Airbus A330-200/P2F — 8[38]
 Air China Cargo
Airbus A330-300 34 — Air China, Shenzhen Airlines
Airbus A350-900 29 1[39] Air China
Boeing 737-700 31 — Air China, Air China Inner Mongolia, Beijing Airlines, Kunming Airlines, Shandong Airlines
Boeing 737-800 329 — Air China, Air China Inner Mongolia, Beijing Airlines, Dalian Airlines, Kunming Airlines, Shandong Airlines, Shenzhen Airlines
Boeing 737 MAX 8 30 70[40][41] Air China, Kunming Airlines, Shandong Airlines, Shenzhen Airlines
Boeing 747-400 3 — Air China
Boeing 747-400F 3 — Air China Cargo
Boeing 747-8I 7 — Air China
Boeing 757-200PCF 1 — Air China Cargo
Boeing 777-300ER 28 — Air China
Boeing 777F 9 — Air China Cargo
Boeing 787-9 14 — Air China
COMAC ARJ21-700 20 25[42][43] Air China, Shandong Airlines
COMAC C919 — 20 Air China
Total 906 224

Notes

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

References

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  1. ^ "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.
  2. ^ Hong Kong Companies Registry
  3. ^ a b History (1949–1992) Archived 2017-01-27 at the Wayback Machine China National Aviation Corporation Group (in Chinese)
  4. ^ a b History (1992–1995) Archived 2017-01-28 at the Wayback Machine China National Aviation Corporation Group (in Chinese)
  5. ^ History (1996–1998) Archived 2017-01-28 at the Wayback Machine China National Aviation Corporation Group (in Chinese)
  6. ^ "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.
  7. ^ "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.
  8. ^ "Proposed Pre-Conditional Privatisation of China National Aviation Company Limited by Air China Limited" (PDF). Air China Limited & China National Aviation Company Limited. Hong Kong Stock Exchange. 22 June 2006. Archived (PDF) from the original on 2 February 2017. Retrieved 25 January 2017.
  9. ^ "PROPOSED PRIVATIZATION OF CHINA NATIONAL AVIATION COMPANY LIMITED BY AIR CHINA LIMITED" (PDF). Air China Limited & China National Aviation Company Limited. Hong Kong Stock Exchange. 25 January 2007. Archived (PDF) from the original on 2 February 2017. Retrieved 25 January 2017.
  10. ^ "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.
  11. ^ "DISCLOSEABLE AND CONNECTED TRANSACTIONS: ACQUISITION OF CNAC MACAU AND CAPITAL RESTRUCTURING OF SINOBEST". China National Aviation Company Limited. Hong Kong Stock Exchange. 8 February 2002. Retrieved 25 January 2017.
  12. ^ "Shanghai Commercial Bank Limited Won a Bid to Purchase CNAC Group Building at 10 Queen's Road Central" (PDF). Shanghai Commercial Bank. 1 September 2008. Archived (PDF) from the original on 16 October 2022. Retrieved 25 January 2017.
  13. ^ Stone, Mike; Alper, Alexandra; Brunnstrom, David (2021-01-14). "Trump administration takes final swipes at China and its companies". Reuters. Archived from the original on 2021-01-14. Retrieved 2021-01-14.
  14. ^ a b c d e f g h i "2015 Annual Report" (PDF). Air China. Hong Kong Stock Exchange. 20 April 2016. Archived (PDF) from the original on 16 May 2017. Retrieved 25 January 2017.
  15. ^ "Air China to take control of Shenzhen Airlines – People's Daily Online". People's Daily. 23 March 2010. Archived from the original on 15 October 2012. Retrieved 30 December 2011.
  16. ^ "Lufthansa Technik - MRO, maintenance, overhaul, aircraft components repair". Archived from the original on 30 October 2007. Retrieved 2011-03-06.
  17. ^ "Cathay Pacific to try and block Singapore Airlines report". Channel NewsAsia. 22 September 2007. Archived from the original on 23 July 2012. Retrieved 30 December 2011.
  18. ^ "Air China to divest stake in Air China Cargo - Asia Cargo News". asiacargonews.com. Archived from the original on 2020-01-08. Retrieved 2019-05-27.
  19. ^ "CASL". Archived from the original on 2019-07-08. Retrieved 2017-01-25.
  20. ^ "Air China - Investor Relations". Air China. Archived from the original on 9 May 2024. Retrieved 12 August 2024.
  21. ^ "Annual Report 2010" (PDF). Air China. Retrieved November 12, 2023.
  22. ^ "Annual Report 2011" (PDF). Air China. Retrieved November 12, 2023.
  23. ^ "Annual Report 2012" (PDF). Air China. Retrieved November 12, 2023.
  24. ^ "Annual Report 2013" (PDF). Air China. Retrieved November 12, 2023.
  25. ^ "Annual Report 2014" (PDF). Air China. Retrieved November 12, 2023.
  26. ^ "Annual Report 2015" (PDF). Air China. Retrieved November 12, 2023.
  27. ^ "Annual Report 2016" (PDF). Air China. Retrieved November 12, 2023.
  28. ^ "Annual Report 2017" (PDF). Air China. Retrieved November 12, 2023.
  29. ^ "Annual Report 2018" (PDF). Air China. Retrieved November 12, 2023.
  30. ^ "Annual Report 2019" (PDF). Air China. Retrieved November 12, 2023.
  31. ^ "Annual Report 2020" (PDF). Air China. Retrieved November 12, 2023.
  32. ^ "Annual Report 2021" (PDF). Air China. Retrieved November 12, 2023.
  33. ^ "Annual Report 2022" (PDF). Air China. Retrieved November 12, 2023.
  34. ^ "Annual Report 2023" (PDF). Air China. Archived from the original (PDF) on 25 June 2024. Retrieved May 12, 2024.
  35. ^ "Air China Group Fleet Details and History". www.planespotters.net. Retrieved 2019-05-27.
  36. ^ a b c "Aircraft orders in 2022". Airbus. Archived from the original on 8 August 2022. Retrieved 4 December 2022.
  37. ^ a b "Aircraft orders in 2022". Airbus. Archived from the original on 3 December 2022. Retrieved 5 December 2022.
  38. ^ "Air China to Sell Eight A330s to Cargo Unit". arwaysmag. 27 April 2023. Archived from the original on 4 May 2023. Retrieved 27 May 2024.
  39. ^ "Archived copy". The New York Times. Archived from the original on 11 July 2019. Retrieved 11 July 2019.{{cite web}}: CS1 maint: archived copy as title (link)
  40. ^ "Air China Fleet Details and History". www.planespotters.net. Archived from the original on 2021-07-28. Retrieved 2022-03-16.
  41. ^ "China's Kunming Airlines commits to ten B737s". ch-aviation. Archived from the original on 2019-02-20. Retrieved 2019-02-20.
  42. ^ "Air China orders 35 domestically-built ARJ21s". flightglobal.com. Archived from the original on 14 September 2019. Retrieved 30 August 2019.
  43. ^ "Three carriers place ARJ21 orders". Flight International. Flightglobal. 2003-09-23. Archived from the original on 11 August 2011. Retrieved 2006-07-03.
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Licensed under CC BY-SA 3.0 | Source: https://en.wikipedia.org/wiki/China_National_Aviation_Holding
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