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Not to be confused with China Airlines, the national airline of Taiwan.
    Air China Ltd (SEHK: 0753, LSE: AIRC, SSE: 601111) (simplified Chinese: 中国国际航空公司, Pinyin: Zhōngguó Guójì Hángkōng Gōngsī, literally meaning "China International Airlines", abbreviated 国航) is the People's Republic of China's state-owned and second-largest commercial airline after China Southern Airlines. Its logo consists of a phoenix in the form of the acronym VIP, and "Air China" in both English and Chinese, which was autographed by Deng Xiaoping. It operates 5,090 flights each week worldwide and is the 18th largest airline in the world by fleet size. Air China is also the world's largest carrier by market capitalisation.[1] It has its headquarters in Shunyi District, Beijing.[2] Air China's main hubs are Beijing Capital International Airport, Chengdu Shuangliu International Airport and Shanghai Pudong International Airport, with other focus cities at Hangzhou Xiaoshan International Airport, Chongqing Jiangbei International Airport, Tianjin Binhai International Airport and Hohhot Baita International Airport.[3] Air China currently flies to approximately 120 destinations; the most destinations from its own Beijing hub. The airline flew 33.97 million passengers in 2006, with a passenger load factor of 75.9%. In the same year, it made a profit of 2.7 billion yuan, with an operating revenue of 44.9 billion yuan and total expenses standing at 42.4 billion yuan.[4] It is the 4th largest airline in Asia, 5th largest in the world in terms of domestic cargo traffic and 18th largest airline in the world by terms of fleet size.
[edit] History[edit] Beginning
Air China was established on July 1, 1988. Its formation was a result of the government's decision to split the operating divisions of Civil Aviation Administration of China (CAAC) into separate airlines.[5] The CAAC was restructured in late 1987 and divided into six airlines, namely Air China, China Eastern, China Southern, China Northern, China Southwest, and China Northwest. Air China, based in Beijing, was given chief responsibility for intercontinental flights, and took over the CAAC's long haul aircraft (Boeing 747s, 767s, and 707s, as well as medium-haul 737s) and routes when it was granted its autonomy on July 1, 1988.[citation needed] At the time of its launch 1988, Air China had 6,000 employees and served 31 international and 30 domestic destinations. It was China's largest airline company and the national flag carrier. In 1989, Air China posted a net profit of $106 million on revenues of $383 million. In that same year, Air China entered a joint venture with Lufthansa, which provided 40 percent of the capital, or $220 million, to create the Beijing Aircraft Maintenance Center (Ameco Beijing). It specialized in the upkeep of the Boeing aircraft that comprised Air China's fleet.[6] The venture was expanded with another $218 million (CN¥1.2 billion) in 1992. Ameco Beijing employed nearly 4,000 people, a little fewer than 50 of them from Lufthansa.[7] Air Transport World reported the company preferred to source its needs through joint ventures due to the country's lack of hard currency.[8] Its Beijing Air Catering was 40 percent owned by a large Hong Kong caterer.[9] [edit] ConsolidationIn mid-2000, the CAAC repeated earlier calls for a consolidation of the ten airlines it controlled into three.[10] (Air China, China Southern, and China Eastern were to each acquire the smaller airlines.) However, the CAAC blocked a proposed merger in September 2000 between Air China and China Southern on anti-competitive grounds.[11] In January 2001, the CAAC's ten airlines announced they had agreed on a merger plan.[12] Air China was to acquire China Southwest Airlines, before the acquiration, Air China was the country's fourth strongest domestic airline. This was to create a group with assets of ¥n56 billion (HK$ 52.5 billion), including 118 aircraft.[13] On October 28, 2002, Air China consolidated with China National Aviation Corporation and China Southwest Airlines.[citation needed] During 2004, Air China absorbed Zhejiang Airlines (a subsidiary of CNAC). On December 15, 2004 the company listed its shares on the Hong Kong and London Stock Exchanges. Air China has shareholdings in Air China Cargo (51%), Air Macau (51%, soon to be 80.9%[14]) and also holds majority shares of Shandong Airlines. On August 17, 2009, a joint announcement revealed a new shareholding structure in which Air China acquire a 29.99% stake in Cathay Pacific, while the latter will own 18.09% of the former.[citation needed] [edit] OperationsAir China operates in four segments:[15]
[edit] Subsidiaries
[edit] Financial performance
For fiscal year ending December, 2006:
[edit] Destinations  Main article: Air China destinations Air China's route network extends throughout Asia to the Middle East, Western Europe, and North America. The majority of the routes operate from its Beijing hub. It currently operates a significant number of Asian, Australian and European destinations from Shanghai Pudong International Airport. This will also extend to North America when it adds an additional San Francisco service, complementing its service from Beijing and complementing United Airlines codeshares on the route. It also has some international routes operating and connecting from Chengdu Shuangliu International Airport, Chongqing Jiangbei International Airport, Dalian Zhoushuizi International Airport, Dubai International Airport, Hangzhou Xiaoshan International Airport, Kunming Wujiaba International Airport, Madrid Barajas Airport, Nanning Wuxu International Airport and Xiamen Gaoqi International Airport. Air China is upgrading these routes to larger aircraft from 2008/2009, Beijing-Delhi to A340 from 767-300ER, Beijing-Dubai to A330-200 from 767-200ER, Beijing-Chengdu-Karachi to 757 from A319 with new routing replacing Urumqi stopover and Beijing-Stockholm to A330-200 from 767-200ER. On December 10, 2006, it made its first flight to São Paulo (via Madrid), which became its first South American destination. This was the airline's longest direct flight. The service began with the Boeing 767-300 aircraft but because of its popularity, the service has been upgraded to A330-200. Air China suspended service to São Paulo in September 2008. The airline resumed services to São Paulo on December 20, 2009. Routes to Australia, Frankfurt, Madrid currently operated by Airbus A330-200 may be replaced by Boeing 787 Dreamliners. The Boeing 787 Dreamliners will be used on flights to Toronto and Washington, D.C. when they are launched. Air China is launching many flights to European destinations, as it believes these services will become very popular in the coming years. The airline has already stated they are happy to make losses on these routes at first, hoping that Air China will build up a good brand image and become a premier choice for passengers flying from Europe to China. Air China announced that it will launch nonstop Chengdu-Bangalore service in late February 2010 with Airbus A319 or Boeing 757 aircraft[16]. [edit] Cargo and passenger service expansion plansAir China is looking at the United States for international cargo and passenger service expansion. A June 17, 2008 St. Louis Beacon reported that Air China planned to establish a cargo hub at Lambert St. Louis International Airport.[17][18] The United States Department of Commerce allowed expansion of the foreign trade zone near Lambert airport on February 13, 2009.[19] [edit] Fleet[edit] PassengerAs of December 2009, the Air China fleet includes the following aircraft:[20]
[edit] Cargo fleetFurther information: Air China Cargo As of January 2008, Air China's average fleet age was 6.9 years old.[21] Air China has two other business jets: one Gulfstream IV and one Bombardier Learjet 45. [edit] Aircraft ordersAir China has signed agreements with:
While Boeing's orders page for 2006 reflects this order, there have been no formal news releases indicating the following:
[edit] Previously operated[edit] Passenger fleet
[edit] Cargo fleet[edit] Air China officially joined Star Alliance on December 12, 2007. This move greatly expanded the Alliance's presence in China. With the Alliance's "Under One Roof" initiative, all Star Alliance members have moved their operation to the Terminal 3 of the Beijing Capital International Airport, Air China's main international hub. This new terminal is divided into 3 sections, with T3C housing all domestic flights operated by Air China and Shanghai Airlines and T3E housing all Star Alliance international flights. The two sections are connected by a high-speed inter-terminal train. At the same time as the move at Beijing Capital International Airport, all Star Alliance members moved to the new Terminal 2 at Shanghai Pudong International Airport to maintain simple transfers with Air China, Shanghai Airlines and other Star Alliance airline members. Air China has codeshare agreements with the following airlines:[22]
[edit]
[edit] Phoenix Miles Phoenix Miles (simplified Chinese: 国航知音; pinyin: guó háng zhī yīn, literally "Best friends of Air China"), is the frequent flyer program of Air China. This is the first frequent flyer program launched in China. It was designed to reward frequent flyers traveling internationally and domestically with Air China and its partner airlines.[24] Members earn mileages for travel on Air China, its affiliated partner airlines and partner airlines. The companion card may be upgraded to VIP status. There are special redemption rates for VIP members – Gold card members and Platinum card Members.
[edit] PartnersIn addition to Star Alliance members and its subsidiary Shandong Airlines, Air China has frequent flyer partnerships with the following airlines: Like many other frequent flyer programs, redeemable mileages can be also earned through other partners, for example, hotels, financial institutions, credits, car rentals, etc.[25] [edit] Incidents and accidents
[edit] Board of directors
[edit] See also[edit] References
[edit] External links
[edit] Profiles
Categories: Companies listed on the Hong Kong Stock Exchange | Companies listed on the London Stock Exchange | Companies listed on the Shanghai Stock Exchange | Star Alliance | SSE 50 Companies | Hang Seng China Enterprise Index Constitute Stock | Hang Seng China 50 Index | Airlines of the People's Republic of China | Airlines established in 1988 | IATA members | Air China | Cathay Pacific | Central-owned enterprise of the People's Republic of China | Warrants issued in Hong Kong Stock Exchange | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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