History
The airline was established on 13 September 1994, and began commercial operations on 9 November 1995, with a flight from Macau to Beijing and Shanghai (prior to 1995, there was no air service to Macau other than the helicopter service). One-aircraft service between Beijing, Shanghai and Taipei began on 8 December 1995. The first pure-freighter service was launched on 7 October 2002, between Taipei and Shenzhen via Macau.
Air Macau is owned by China National Aviation Corporation (CNAC) (51%), TAP Portugal (20%), STDM (14%), EVA Air (5%), the government of Macau (5%) and Macau investors (5%) and employs 1,023 staff (at March 2007).
Two companies controlled by Macau SAR's Chief Executive Edmund Ho have sold a combined 1.25% stake in financially troubled Air Macau to a unit of China flagship carrier Air China, Reuters reported during the week.
According to the report, the stake sale for an undisclosed sum was confirmed by sources at Air China, a unit of Air Macau's controlling shareholder - CNAC.
Read more about this topic: Air Macau
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