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.

History 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 () 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 () was also re-registered in Hong Kong on 31 August 1984 as a foreign company.Hong Kong Companies Registry 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.History (1949–1992) China National Aviation Corporation Group (in Chinese)

On 11 October 2002, the new China National Aviation Corporation merged with Air China and China Southwest Airlines, forming China National Aviation Holding Company () under the Law on Industrial Enterprises Owned by the Whole People.

After the merger, China National Aviation Corporation's subsidiaries in Hong Kong still used the name "China National Aviation Corporation (Hong Kong)" and "China National Aviation Corporation (Group)."

China National Aviation Corporation

China National Aviation Corporation was acted as a "window company" in the British Colony since 1984, 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 1992History (1992–1995) China National Aviation Corporation Group (in Chinese) and then China National Aviation Corporation (Group) Limited on 13 June 1995 (CNAC (HK) became its subsidiary) 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.History (1996–1998) China National Aviation Corporation Group (in Chinese) 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)). The stake in Dragonair (43.29%) was acquired by Cathay Pacific in 2006, and China National Aviation Company Limited was also privatized in 2007 by Air China Limited. On 10 June 2008, the 50% stake in JASL was sold back from Air China to CNAC(G).

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, 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. It was sold in 2008 to Shanghai Commercial Bank for HK$1.388 billion. 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.

Corporate affairs

Subsidiaries China National Aviation Holding is the majority owner of several airlines and subsidiaries, including:Airline share ownership and subsidiaries: Air Macau (72.25%) Air China (53.46%) Dalian Airlines (80%) Air China Cargo (51%) Shenzhen Airlines (51%) Kunming Airlines (80%) Henan Airlines (51%) Shandong Aviation Group (49.4%) Shandong Airlines (22.8% direct, 42% via Shandong Aviation Group) Sichuan Airlines (10%) Cathay Pacific (~20% cross-ownership) China National Aviation Company Limited (100%) Aircraft Maintenance and Engineering Corporation (75%)

China Eastern Airlines (11%) Shanghai Airlines (100%) China United Airlines (80%) Sichuan Airlines (10%) China Cargo Airlines (51%)

Other operations: China National Aviation Corporation (Group) (100%) China Aircraft Services Limited (40% as the largest shareholder) Jardine Aviation Services (50%)

Business trends The key trends for the Air China Group are (as of the financial year ending 31 December): Totalrevenue(RMB b)Netprofit(RMB b)Number ofpassengers(m)Passengerload factor(%)Cargo andmail carried(000 tons)TotalaircraftReferences201080.411.960.080.01,347393201195.97.569.681.41,426432201299.64.872.480.41,460461201398.23.280.877.61,45649720141053.883.079.81,55254020151107.089.879.91,66459020161156.896.680.61,76962320171217.210181.11,84165520181367.310980.61,46068420191366.411581.01,434699202069.5−14.468.670.31,113707202174.5−16.669.068.61,186746202252.8−38.638.662.78447622023148−1.013073.21,070905

Fleet

, the combined fleet of Air China and its subsidiaries consists of the following aircraft:

+ China National Aviation Holding fleetTypeIn serviceOrdersOperatorsAirbus A319-10031—Air China, Shenzhen AirlinesAirbus A319neo—10Air ChinaAirbus A320-200120—Air China, Air Macau, Shenzhen AirlinesAirbus A320neo8418Air China, Air Macau, Shenzhen AirlinesAirbus A321-20069—Air China, Air MacauAirbus A321neo4064Air China, Air Macau, Shenzhen AirlinesAirbus A330-20018—Air ChinaAirbus A330-200/P2F44Air China CargoAirbus A330-30034—Air China, Shenzhen AirlinesAirbus A350-90030—Air ChinaBoeing 737-70031—Air China, Air China Inner Mongolia, Beijing Airlines, Kunming Airlines, Shandong AirlinesBoeing 737-800326—Air China, Air China Inner Mongolia, Beijing Airlines, Dalian Airlines, Kunming Airlines, Shandong Airlines, Shenzhen AirlinesBoeing 737 MAX 85347Air China, Kunming Airlines, Shandong Airlines, Shenzhen AirlinesBoeing 747-4002—Air ChinaBoeing 747-400F3—Air China CargoBoeing 747-8I7—Air ChinaBoeing 777-300ER28—Air ChinaBoeing 777F12—Air China CargoBoeing 787-914—Air ChinaCOMAC ARJ21-7003312Air China, Shandong AirlinesCOMAC C919-100ER3102Air ChinaTotal942257

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