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Profile for: Air China
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NameAliasIATAICAOCountryBaseDates
Air ChinaChina International Airlines/Air China InternationalCACCAChinaBeijing-Capital1988-
Formed 1/7/88 by CAAC Beijing division. Includes Tianjin division also known as Tian-Jin Airlines. Designated as managing "Group One" of Chinese airlines in 2001, formed parent company China National Aviation Holding Co on 11/10/02, takingover China Southwest and China National Avn Corp. Became a joint-stock company 30/9/04, partial IPO (27%-28%) planned for 2005 (with Lufthansa expected to bid for 10%). 9.9% acquired by Cathay Pacific in 10/04 for $383m. Became a public company in 12/04 through an IPO at the Hong Kong stock exchange (70% remains at China National Aviation Holding Co, also major shareholder of DragonAir and Air Macau). Cathay Pacific shares increased to 20% in mid-2006 ((18.48% in 6/10 after partial dilution after new shares were issued; 19.18% in 7/10, 18.77% in 4/11). Partial IPO offered 18/8/06. Joined StarAlliance 12/12/07 (postponed from 2006). Stake of parent company China National Aviation Holding Co increased in 2012 from 51.46% to 52.47%.

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