List of Government-owned and Privatized Airlines ...

List of Government-owned and Privatized Airlines (unofficial preliminary compilation)

Area

Country/Region

Airline

Total governmental

shares

Governmental shareholders

AF Angola

Angola Air Charter

AF Angola

Sonair

AF Angola

TAAG Angola Airlines

AF Botswana

Air Botswana

AF Burkina Faso

Air Burkina

AF Burundi

Air Burundi

AF Cameroon

Cameroon Airlines

AF Cape Verde

TACV Cabo Verde

AF Chad

Air Tchad

AF Chad

Toumai Air Tchad

AF Comoros

Air Comores

AF Comoros

Air Comores International

AF Congo

Lina Congo

AF Congo, Democratic Republic Air Zaire

AF oCf?te d'Ivoire

Air Afrique

AF C?te d'Ivoire AF Djibouti AF Eritrea AF Ethiopia AF Gabon AF Gabon AF Gambia AF Ghana AF Ghana AF Guinea AF Guinea-Bissau

AF Kenya AF Kenya AF Lesotho AF Madagascar AF Madagascar

AF Malawi AF Mali

Air Ivoire Air Djibouti Eritrean Airlines Ethiopian Airlines Air Gabon Air Gabon International Gambia International Airlines Ghana Airways Ghana International Airlines Air Guinee Air Bissau (TAGB Transportes Aereos da Guinea-Bissau) Kencargo Airlines Kenya Airways Air Lesotho Air Madagascar Transports & Travaux Aeriens de Madagascar Air Malawi Air Mali

100.00% 100% TAAG Angola Airlines 100.00% 100% Sonangol State Corporation 100.00% 100% Government 100.00% 100% Government

10.00% 10% Government 100.00% 100% Government

96.43% 96.4% Government 100.00% 100% Government

98.00% 98% Government 25.00% 25% Government 100.00% 100% Government 60.00% 60% Government 66.00% 66% Government 80.00% 80% Government 70.40% 70.4% 11 States (Cote d'Ivoire, Togo, Benin, Mali, Niger,

Mauritania, Senegal, Central African Republic, Burkino Faso, Chad and Congo) 23.60% 23.6% Government 62.50% 62.5% Government 100.00% 100% Government 100.00% 100% Government 80.00% 80% Government 49.00% 49% Government 99.00% 99% Government 100.00% 100% Government 70.00% 70% Government 100.00% 100% Government 100.00% 100% Government

13.80% 60% Kenya Airways* 22.00% 22% Government 20.00% 20% Government 89.58% 89.6% Government 40.58% 45.3% Air Madagascar*

100.00% 100% Government 12.00% 12% Government

Formed

1987 1998 1938 1969 1967 1971 1971 1958 1966 2004 1975 2004 1965 1961 1961

Ceased operations

Governmental shares

decreased (=0)

Governmental shares

decreased (below 50%)

Governmental shares

decreased (=/above 50%)

Governmental shares

increased or added

2002

1998

1999 1995 2002

2001 1994

1960 1971 1991 1945 1951 2005 1996 1958 2004 1960 1975

2001 1977 1970 1962 1951

1964 1993

1991

2006

2004

1999 2004 1999 2002 2003

2001

2000

1996 1997

1997

2001

Page 1 of 14

Area

Country/Region

Airline

Total governmental

shares

Governmental shareholders

Formed

AF Mauritania AF Mauritania AF Mauritius

Air Mauritanie Mauritanie Airways Air Mauritius

AF Mozambique

AF Namibia AF Namibia AF Nigeria

LAM Mozambique Airlines (Linhas Aereas de Mocambique) Air Namibia Kalahari Express Airlines Ecoair

AF Nigeria

Nigeria Airways

AF Reunion [France]

Air Austral

AF Reunion [France]

Air Bourbon

AF Rwanda

Alliance Air Express

AF Rwanda

Rwanda Air Express

AF Sao Tome and Principe

Air Sao Tome & Principe

AF Senegal

Air Senegal International

AF Seychelles

Air Seychelles

AF Somalia

Somalia Airlines

AF South Africa

Mango

AF South Africa

SA Express

AF South Africa

South African Airways

AF South Africa

Sunair

AF Swaziland

Airlink Swaziland

AF Swaziland

Royal Swazi National Airways

AF Tanzania, United Republic of Air Tanzania

AF Uganda

SA Alliance Airlines

AF Uganda

Uganda Airlines

AF Zambia

Zambia Airways

AF Zimbabwe

Affretair

AF Zimbabwe

Air Zimbabwe

AS Afghanistan

Ariana Afghan Airlines

AS Bangladesh

Biman Bangladesh Airlines

AS Bhutan

Druk Air (Royal Bhutan Airlines)

AS Brunei Darussalam

Royal Brunei Airlines

AS Cambodia AS Cambodia AS Cambodia

Air Cambodia Kampuchea Airlines (SK Air) Royal Air Cambodge

38.00% 38% Government 10.00% 10% Government 40.05% 8.37% Government, 4.72% SIC State Investment Corp, 51% Air

Mauritius Holding (owned by 37.46% Government, 15.41% SIC State Investment Corp) 80.00% 80% Government

25.00% 25% TransNamib Holdings 51.00% 51% Trans Namib 100.00% 100% 16 members of the Economic Community of West

African States (ECOWAS) 100.00% 100% Government

37.72% 37.7% Reunion Regional and General Council - SEMATRA ** **% Government

51.00% 51% Government 77.00% 77% Government 35.00% 35% Government 49.00% 49% Government 100.00% 100% Seychelles National Investment Corp 100.00% 100% Government 95.00% 100% South African Airways* 100.00% 100% Transnet 95.00% 95% Transnet

0.00% 60.00% 60% Government 50.00% 50% Government 100.00% 100% Government 60.00% 30% Tanzania Government, 30% Uganda Government 100.00% 100% Government 100.00% 100% Zambia Industrial & Mining Corp. 100.00% 100% Government 100.00% 100% Government 100.00% 100% Government 100.00% 100% Government 100.00% 100% Ministry of Finance 100.00% 100% Prime Minister Corp (owned by members of the Sultan of

Brunei's family) 41.00% 41% Government 51.00% 51% Government 60.00% 60% Government

1962 2007 1967

1936

1946 1997 2000

1958 1974 2002 1993 2003 1993 1971 1977 1964 2006 1993 1934 1979 1999 1958 1977 1994 1976 1967 1964 1967 1957 1972 1981 1974

2002 1997 1994

Ceased operations

2007

Governmental shares

decreased (=0)

Governmental shares

decreased (below 50%)

2000

2000

Governmental shares

decreased (=/above 50%)

Governmental shares

increased or added

2006

2008

2000 2000

2003

2004 2002

2002

1998

1991

1999

1999

1999

2000 2000 1994 2000

1997

1999

1997 2002

2002 2006

2001

Page 2 of 14

Area

Country/Region

AS China

AS China AS China AS China AS China AS China AS China

AS China AS China

AS China AS China AS China

AS China AS China AS China AS China AS China AS China AS China AS China AS China AS China

AS China AS China AS China

AS China

AS China AS China

Airline

Total governmental

shares

Governmental shareholders

Formed

Air China

Air China Cargo Air China Southwest Air China Zhejiang Air Great Wall Beiya Airlines Changan Airlines

China Cargo Airlines China Eastern Airlines

China Eastern Airlines Jiangsu

China Eastern Airlines Northwest

53.10% 40.4% China National Aviation Holding (CNAH) Company, 11.27% China National Aviation Corp Group (CNACG)

51.08% 51% Air China*, 24% Beijing Capital Airport Holding Company 100.00% 100% China National Aviation Holding (CNAH) Company 100.00% 100% China National Aviation Holding (CNAH) Company

68.22% 100% China Eastern Airlines* 100.00% 100% China Northern Airlines

13.84% 13.84% Changan Aviation Industrial Company (Ministry of Aeronautical Industries, Shaanxi Aircraft Co, Shaanxi Province and Xian Aircraft Co)

49.48% 70% China Eastern Airlines* 70.69% 59.67% China Eastern Airlines (CEA) Holding, 12.07% China

National Aviation Holding Company (CNAH) (in H shares)

68.22% 62.56% China Eastern Airlines*, 24% Jiangsu Provincial Guoxin Asset Management Group Co. Ltd

100.00% 100% China Eastern Airlines (CEA) Holding

1988

2003 1987 1990 1992 1994 1992

1998 1988

1993

1989

China Eastern Airlines Wuhan

China Eastern Airlines Yunnan China General Aviation Corp China National Aviation (CNAC) China Northern Airlines China Postal Airlines China Southern Airlines China United Airlines China Xinhua Airlines China Xinjiang Airlines Civil Aviation Administration of China (CAAC) Great Wall Airlines Guangxi Airlines Guizhou Airlines

Hainan Airlines

Nanjing Airlines Shandong Airlines

69.86% 96% China Eastern Airlines*, 2% Wuhan Government's Stateowned Assets Supervision and Administration Commission (SASAC)

100.00% 100% China Eastern Airlines (CEA) Holding 70.69% 100% China Eastern Airlines* 53.10% 100% Air China*

100.00% 100% China Southern Air Holding Company 75.65% 51% China State Postal Bureau, 49% China Southern Airlines* 50.30% 50.3% China Southern Air Holding Company 46.12% 80% Shanghai Airlines* 40.00% 40% Shen Hua Group

100.00% 100% China Southern Air Holding Company 100.00% 100% State Council

51.00% 51% Beijing Aerospace Satellite Applications 43.81% 95% China Southern Airlines* 67.67% 40% Guizhou Xiangfei Industrial Co. Ltd. (part of the local

Government), 60% China Southern Airlines* 53.67% 53.67% Grand China Airlines Holding Co (controlled by the

investment arm of Hainan Province Government and its affiliates) 74.58% 20% Nanjing Government, 80% China Eastern Airlines* 54.11% 42% Shandong Aviation Group (in which Air China owns 48%), 22.8% Air China*

1986

1992 1989 xxxx 1990 1996 1988 1986 1992 1985 1949

2005 1999 1991

1989

1994 1994

Ceased operations

Governmental shares

decreased (=0)

Governmental shares

decreased (below 50%)

Governmental shares

decreased (=/above 50%)

2004, 2006

Governmental shares

increased or added

2003 2005 2002 2003

2003

2005

2005 1998 2004

2004 1988

2005

1997, 2007

2004

2004 2000

1997

2002 1997, 2003

1996

1998 1993

2000

Page 3 of 14

Area

Country/Region

Airline

AS China

Shanghai Airlines

AS China AS China AS China

Shantou Airlines Shenzhen Airlines Sichuan Airlnes

AS China AS China AS China AS India

Xiamen Airlines Zhongyuan Airlines Zhuhai Airlines Air India

AS India AS India AS India AS India

Air India Express Alliance Air Bengal Air Services Indian Airlines

AS India AS Indonesia AS Indonesia AS Indonesia AS Indonesia AS Japan AS Japan

SGS Airlines Citilink Garuda Indonesia Merpati Nusantara Airlines Pelita Air Service Air Hokkaido Amakusa Airlines

AS Japan AS Japan AS Japan AS Japan AS Korea, Democratic People's

Republic of AS Korea, Republic of AS Korea, Republic of AS Lao, People's Democratic

Republic AS Macao SAR [China] AS Malaysia

Hokkaido Air System Japan Air Commuter Japan Airlines International Ryukyu Air Commuter Air Koryo

Jeju Air Korean Air Lao Airlines

Air Macau Malaysia Airlines

AS Malaysia AS Malaysia

MASwings Pelangi Air

Total governmental

shares

Governmental shareholders

Formed

68.49% 57.65% Shanghai City Government (through 40.66% Alliance Investment Company, 16.99% Company it owns), 14.65% Bank of China*

27.67% 60% China Southern Airlines* 13.28% 25% Air China* 70.25% 40% Sichuan Airline Group (owned by Sichuan Provincial Asset

Management), 39% China Southern Airlines*, 10% Shandong Airlines*, 10% Shanghai Airlines* 27.67% 60% China Southern Airlines* 100.00% 100% SA Group 27.67% 60% China Southern Airlines* 100.00% 100% National Aviation Company of India Limited (100% Government) 100.00% 100% Air India 100.00% 100% Indian Airlines 50.00% 50% West Bengal State Government 100.00% 100% National Aviation Company of India Limited (100% Government) 50.00% 50% State of Uttar Pradesh 100.00% 100% Garuda Indonesia 100.00% 100% Government 100.00% 93.2% Government, 6.8% Garuda Indonesia 100.00% 100% Pertamina - National Oil Corporation 20.00% 20% Hokkaido Prefecture 80.00% 53% Kumamoto Prefecture, 27% Amakusa Municipal Government 49.00% 49% Hokkaido Prefecture 40.00% 40% 14 Municipalities of Amami Islands in Kagoshima 0.00% 5.10% 5.1% Okinawa Prefecture 100.00% 100% Government

1985

1993 1993 1986

1984 1986 1995 1932

2004 1996 1996 1953

1995 2001 1949 1962 1963 1994 1998

1997 1983 1951 1985 1954

25.00% 25% Jeju Province 0.00%

100.00% 100% Government

2006 1962 1976

5.00% 5% Macau Government 78.14% 69.3% Penerbangan Malaysia Berhad, 4.42% State Financial

Secretary Sarawak, 4.42% Warisan Harta Sabah 78.14% 100% Malaysia Airlines*

** **% Government

1994 1937

2007 1987

Ceased operations

Governmental shares

decreased (=0)

Governmental shares

decreased (below 50%)

Governmental shares

decreased (=/above 50%)

2002

Governmental shares

increased or added

2000

2002

2000

2006

1987

1969 2001

1990 1994

1985

1998 2000

Page 4 of 14

Area

Country/Region

AS Maldives AS Maldives AS Mongolia AS Myanmar AS Myanmar AS Myanmar AS Myanmar AS Myanmar AS Nepal AS Pakistan AS Pakistan AS Philippines AS Philippines

AS Singapore AS Singapore

AS Singapore AS Singapore AS Sri Lanka AS Taiwan, Province of China AS Taiwan, Province of China AS Thailand

AS Thailand

AS Viet Nam AS Viet Nam AS Viet Nam EE Albania EE Albania EE Armenia EE Azerbaijan EE Azerbaijan EE Belarus EE Belarus EE Bosnia-Herzegovina

Airline

Air Maldives Island Aviation Services MIAT Mongolian Airlines Air Mandalay Myanma Airways Myanmar Airways International United Myanmar Airways Yangon Airways Royal Nepal Airlines Pakistan International Airlines Shaheen Air International Pacific East Asia Cargo Philippine Airlines

Jetstar Asia Singapore Airlines

Tiger Airways ValuAir Srilankan Airlines China Airlines Mandarin Airlines Nok Air

Thai Airways International

Jetstar Pacific Vietnam Air Service Company Vietnam Airlines Ada Air Albanian Airline Armenian Airlines AZAL Avia Cargo Azerbaijan Airline BELAVIA Belarussian Airlines Trans Avia Export Cargo Air Bosna

Total governmental

shares

Governmental shareholders

Formed

51.00% 51% Government 100.00% 100% Government 100.00% 100% Government

40.00% 40% Myanma Airways 100.00% 100% Government

40.00% 40% Myanmar Ministry of Transport (through Myanma Airways) 51.00% 51% Myanma Airways 51.00% 51% Myanma Airways 100.00% 100% Government 82.00% 82% Government 70.00% 70% Pakistan Air Force 80.00% 80% Philippine Aerospace Development Corp

4.26% 4.3% Government (through Land Bank of the Philippines, Development Bank of the Philippines, Retirement Separation Benefits System of the Armed Forces of the Philippines)

30.90% 30.9% Temasek Holdings (in Orangestar) 56.76% 56.76% Temasek Holdings, One special golden share for

Ministry of Finance 11.00% 49% Singapore Airlines*, 11% Temasek Holdings 30.90% 30.9% Temasek Holdings (in Orangestar) 51.05% 51.1% Government 70.50% 70.5% China Aviation Development Foundation 63.49% 90.05% China Airlines* 44.08% 39% Thai Airways Internationa*, 10% Government Pension

Fund, 6% Crown Property Bureau 72.00% 53.76% Ministry of Finance, 9.12% Vayupak Fund 1 by MFC

Asset Management, 9.12% Vayupak Fund 1 by Krung Thai Asset Management 74.00% 74% State Capital Investment Corp (SCIC) 100.00% 100% Vietnam Airlines 100.00% 100% Government 0.00% 0.00% 100.00% 100% Main Department of Civil Aviation 100.00% 100% Azerbaijan Airline 100.00% 100% Azerbaijan CAD 100.00% 100% Government 100.00% 100% three State-owned companies - Atlant, Gorizont and MAZ 100.00% 51% Government, 49% Energoinvest Holding - Energoair (state owned)

1974 2000 1956 1994 1948 1993 2003 1996 1958 1946 1991 1991 1941

2004 1972

2003 2003 1979 1959 1991 2004

1959

1991 1993 1951 1991 1992 1993 1996 1991 1996 1992 1994

Ceased operations

2000

Governmental shares

decreased (=0)

Governmental shares

decreased (below 50%)

Governmental shares

decreased (=/above 50%)

Governmental shares

increased or added

1999 2003

1992

2004

1995, 2002

1992, 1996, 1999

1985, 1987

1998, 2000 1993

1992 1995

1992, 2003 2007

2003

Page 5 of 14

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