Air China is the People's Republic of China's state-owned and second-largest commercial airline after China Southern Airlines. Its logo consists of a phoenix in the form of the acronym VIP, and Air China in both English and Chinese, which was autographed by Deng Xiaoping. It operates 5,090 flights each week worldwide and is the 18th largest airline in the world by fleet size. Air China is also the world's largest carrier by market capitalisation. It has its headquarters in the Tianzhu Airport Industrial Zone in Shunyi District, Beijing.
Air China's main hubs are Beijing Capital International Airport, Chengdu Shuangliu International Airport and Shanghai Pudong International Airport, with other focus cities at Hangzhou Xiaoshan International Airport, Chongqing Jiangbei International Airport, Tianjin Binhai International Airport and Hohhot Baita International Airport. Air China currently flies to approximately 120 destinations; the most destinations from its own Beijing hub.
The airline flew 33.97 million passengers in 2006, with a passenger load factor of 75.9%. In the same year, it made a profit of 2.7 billion yuan, with an operating revenue of 44.9 billion yuan and total expenses standing at 42.4 billion yuan.
It is the 5th largest airline in Asia, 5th largest in the world in terms of domestic cargo traffic and 18th largest airline in the world in terms of fleet size.
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