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Air China
Air China Limited is abbreviated as "Air China" and its predecessor, the old Air China, was founded in 1988. According to "Civil Aviation System Reform Program" approved and passed by the State Department, in October 2002, the old Air China combined China National Aviation Company and China Southwest Airlines and founded China Aviation Group Company. Based on the joint air transport resources of the three parties, the new Air China Company was founded. On September 30th, 2004, approved by the state-owned Assets Supervision and Administration Commission of State Council (SASAC) as the main air transport company controlled by China Aviation Group, Air China Limited was founded in Beijing in due form, with 23,000 employees, registered capital of RMB 6.5 billion and the paid-up capital of RMB 9.433 billion. On December 15th, 2004, Air China successfully listed in Hong Kong (HKEx: 0753 and London (trading code: AIRC). With excellent profitability, Air China has made profits for seven consecutive years since 2001, which is the leading position in China's civil aviation industry.
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