|
China National Aviation Corporation
(CNAC) is currently an aviation holdings company that owns a
majority of Air China, China's largest commercial airline. The
CNAC, originally China Airways, started out as a major airline
in the Republic of China. It was founded in 1929 and run by the
American tycoon, Clement Keys. The company ceased flight operations
after the Communists came into power in 1949. At that point the
Civil Aviation Administration of China's (CAAC) air services
became China's only airline. Today, CNAC remains a subsidiary
of CAAC, which emerged as an international airline operator following
Deng Xiaoping's policy of modernization in 1980 |
