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Air China Limited ('Air China') and its predecessor, the former Air China, were founded in 1988. On September 30th, Air China Limited was officially launched in Beijing, approved by the State-owned Assets Supervision and Administration Commission of the State Council (SASAC), 2004, operating air transport services as its primary business and controlled by the China Aviation Group. Based on the combined air transportation resources of the three entities, the new Air China Company was established. According to the 'Civil Aviation System Reform Program' which was approved and passed by the State Department in October 2002, the former Air China consolidated with China National Aviation Company and China Southwest Airlines and founded China Aviation Group Company. On December 15th, 2004, Air China successfully listed in Hong Kong (SEHK: 0753) and London (LSE: AIRC).
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