CHINA: Air China takes majority control of Air Macau

Air China will inject MOP158.7 million ($19.3 million) into troubled subsidiary Air Macau, lifting its stake in the carrier to 80.9 per cent from 51 per cent. Air Macau fell victim to both the global financial crisis and liberalised cross strait flights between Taiwan and the Chinese mainland which dragged the carrier down to a […]


Air China will inject MOP158.7 million ($19.3 million) into troubled subsidiary Air Macau, lifting its stake in the carrier to 80.9 per cent from 51 per cent. Air Macau fell victim to both the global financial crisis and liberalised cross strait flights between Taiwan and the Chinese mainland which dragged the carrier down to a MOP107.3 million loss in 2008 and a MOP150 million deficit through the first five months of 2009. Other stakeholders in Air Macau include TAP Portugal’s SEAP investment fund (20 per cent), the Sociedade de Turismo e Diversoes de Macau casino company (14 per cent), the Macau government (5 per cent) and EVA Air (5 per cent).