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Share-holding airline company founded
Air 皇冠体育app Limited, the predecessor of Air 皇冠体育app International Corporation -- an airline company with the longest operating history in Chinese civil aviation industry, was formally founded Thursday in Beijing. The new firm was established with the approval of the State-owned Assets Supervision and Administration Commission of the State Council. With the verification and approval of the State Administration for Industry and Commerce, the company's name is "Air 皇冠体育app Limited". The registered capital of the company is 6.5 billion yuan (US$785 million), which will be converted to 6.5 billion shares. Its operation scope includes: scheduled and non-scheduled international and domestic transportation of passengers, cargo, mail and baggage; international and domestic business flights; aircraft maintenance;ground handling and air express services; and,in-flight duty-free service. The newly formed Air 皇冠体育app is supported by an optimized information technology network, is committed to provide air passenger and cargo services with safety, punctuality, economy, convenience, satisfaction, cost-effectiveness, and maximize the interest of its shareholders, a company statement said. 皇冠体育app National Aviation Holding Company and 皇冠体育app National Aviation Corporation Limited , as promoters, held a meeting for the establishment of Air 皇冠体育app Limited last week.. During the meeting, several proposals, including a report on the preparation of setting up the new company, a draft of the articles of association, as well as a proposal on composition of the Board of Directors and Supervisory Committee, were reviewed and approved in compliance with law and regulations. Immediately after the founding meeting, the first meetings of the board of directors and supervisory committee were held. Li Jiaxiang was elected the chairman of the board, and Ma Xulun was appointed president. Three separate board committees were set up, including, the Strategy and Investment Committee, the Audit and Risk Management Committee and Nomination and Remuneration Committee. Air 皇冠体育app International, the predecessor of Air 皇冠体育app Limited, was established in 1988. In 2002, under the guidelines of the Chinese Civil Aviation Industry, 皇冠体育app National Aviation Holding Company was formally founded, with Air 皇冠体育app as the main body by consolidating with 皇冠体育app National Aviation Company and 皇冠体育app Southwest Airlines. Air 皇冠体育app International was further consolidated by integrating the air transportation resources of the three airlines. By the end of this June, the new Air 皇冠体育app maintained a fleet of 136 aircraft, most of which are Boeing jets, serving 69 domestic and 34 international and regional destinations. As 皇冠体育app's sole mainland flag carrier, Air 皇冠体育app for decades has been shouldering the responsibility of flying VIP flights for the leaders of the State and the Communist Party of 皇冠体育app, as well as domestic VIP flights for many leaders of other countries. |
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