Air China

Summary

Air China Limited, together with its subsidiaries, provides air passenger, air cargo, and airline-related services in Mainland China, Hong Kong, Macau, Taiwan, Europe, North America, Japan, Korea, the Asia Pacific, and internationally. The company operates through Airline Operations and Other Operations segments. It provides aircraft engineering and airport ground handling services. The company is also involved in the import and export trading activities; and provision of cabin, airline catering, air ticketing, human resources, aircraft overhaul and maintenance, and financial services. As of December 31, 2021, it owned and operated 746 passenger aircraft, including business jets. The company was founded in 1988 and is based in Beijing, the People's Republic of China. Air China Limited is a subsidiary of China National Aviation Holding Corporation Limited.


History

Air China was established and commenced operations on 1 July 1988 as a result of the Chinese government's decision in late 1987 to split the operating divisions of Civil Aviation Administration of China into six separate airlines: Air China, China Eastern, China Southern, China Northern, China Southwest, and China Northwest. Air China was given chief responsibility for intercontinental flights and took over the CAAC's long haul aircraft and routes.

In January 2001, the former CAAC's ten airlines agreed on a merger plan, according to which Air China was to acquire China Southwest Airlines. Before this acquisition, Air China was the country's fourth largest domestic airline. The merger created a group with assets of 56 billion Yuan , and a fleet of 118 aircraft. In October 2002, Air China consolidated with the China National Aviation Holding and China Southwest Airlines.On 15 December 2004, Air China was successfully listed on the Hong Kong and London Stock Exchanges.

In 2006, Air China signed an agreement to join the Star Alliance. It became a member of the alliance on 12 December 2007 alongside Shanghai Airlines.

In July 2009, Air China acquired $19.3 million of shares from its troubled subsidiary Air Macau, lifting its stake in the carrier from 51% to 80.9%. One month later, Air China spent HK$6.3 billion to raise its stake in Cathay Pacific from 17.5% to 30%, expanding its presence in Hong Kong.

In April 2010, Air China completed the increase of shareholdings in Shenzhen Airlines and became the controlling shareholder of Shenzhen Airlines, allowing Air China to further enhance its position in Beijing, Chengdu, and Shanghai as well as achieve a more balanced domestic network.On 2 December 2010, Air China received Spain's highest tourism industry award, the "Plaque for Tourist Merit." Air China was the first foreign airline to receive the award, which is given to organisations and individuals contributing to the Spanish tourism industry.On 23 December 2010, Air China became the first Chinese airline to offer combined tickets that include domestic flights and shuttle bus services to nearby cities. The first combined flight-shuttle bus ticket connected Tianjin via shuttle bus with domestic flights passing through Beijing.Air China began offering free Wi-Fi internet service on board its aircraft on 15 November 2011, making it the first Chinese carrier to offer this service. However the service is not allowed on smartphones, only tablets and laptops.In 2012, after pressure from PETA, Air China stated that it would no longer transport monkeys to laboratories. PETA welcomed the airline's announcement.On July 3, 2013, in time for the company's 25th anniversary, Air China successfully tested Wireless LAN in flight. It was the first global satellite Internet flight in Mainland China.In early 2015 it was announced that the airline had selected the Boeing 737 Next Generation and 737 MAX for its fleet renewal programme of 60 aircraft. The deal, with a value of over $6 billion at current list prices, has yet to be finalised.


Mission

safety first, four-hearted service, steady development, achievement of employees, fulfilling responsibility


Vision

Air China's vision is ""the world's leading airline""


Key Team

Mr. Chuanyu Xu (Chief Safety Officer)

Mr. Gang Feng (Non-Exec. Director)

Mr. Yingnian Wang (Chief Pilot)

Mr. Jiliang Ni (Chief Engineer)

Mr. Bin Huang (Joint Company Sec.)

Mr. Mingyuan Wang (VP)

Mr. Weixi Chai (VP)


References
Air China
Leadership team

Mr. Simeng Yan (Chief Information Officer)

Mr. Hua Zhang (Gen. Legal Counsel)

Products/ Services
Aerospace
Number of Employees
Above 50,000
Headquarters
Beijing, Beijing, China
Established
1988
Company Registration
SEC CIK number: 0001364627
Revenue
Above - 1B
Traded as
SSE:601111
Sat Feb 24 2024
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