Airline Ownership Survey

Source:
This story is sourced from Airline Business
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This survey provides details of who owns 226 airlines. Fifty six are listed on stock exchanges, some through parent companies. Governments have majority holdings in 66 of the 226 carriers and minority holdings in 19 more. Most airlines with five or more jet aircraft have been included, but regional carriers have been excluded.

Airline

Govt stake %

Principal shareholders

Adria Airways

100.0

Bank Rehabilitation Agency 100%

Aer Lingus

100.0

Aero Lloyd

0.0

J Klimitz 50.5%, Air Charter Market 49.5%

Aeroflot RIA

51.0

Employees 49%

Aerolineas Argentinas

5.0

Interinvest/Andes Holdings 73% (Comprising Merrill Lynch 45%, Sepi 30%, Bankers Trust 15%, American Airlines 10%); Iberia 10%; employees 10%

Aeromexico

0.0

Cintra 90%, pilots 10%

AeroPeru

20.0

Cintra 35%, Delta Air Lines 35% , employees 7%

Aeropostal

0.0

Alas de Venezuela 51%, US & UK financial partners 49%

Aeropostale

95.0

Groupe Air France 50%, Groupe La Poste 50%

AeroRepublica

0.0

Promotora de Inversiones Superior 100%

Air 2000

0.0

First Choice Holidays 100%

Air Afrique

70.4

Government stake shared by Benin, Burkina Faso, Central African Republic, Chad, Congo, Ivory Coast, Mali, Mauritania, Niger, Senegal and Togo. Air France 10%, French Development Bank 9.1%, West African Development Bank 4.6%, DHL 3.2%

Air Algerie

100.0

Air Berlin

0.0

R W Lundgren 26%, H-J Knips 25%, S & R Schulte 25%, J Hunold 20%

Air Canada

0.0

Listed

Air China

100.0

Air Europa

0.0

J J Hidalgo Acera 79%, A Gutierrez Saiz 7.2%, Herpil 5%, Viajes Sidetours 5%

Air Europe SpA

0.0

Finflight 81%, Aviofin, Fiat, Tirrena

Air Foyle

0.0

W R C Foyle 100%

Air France

90.1

Groupe Air France 90.1%

Air Jamaica

25.0

Air Jamaica acquisition group 70%, employees 5%

Air Lanka

74.0

Emirates 25.99%

Air Liberté

0.0

British Airways 74%, Groupe Rivaud 26%

Air Madagascar

89.6

Air France 3.5%

Air Malta

96.4

Air Mauritius

51.0

Air Mauritius Holding 51%, Rogers & Co 12.4%, British Airways 3.8%, Air France 2.8%, Air India 2.6%

Air New Zealand

0.0

Brierley Investments 42.4%, Franklin Resources 10.6%, Listed

Air Nippon

0.0

All Nippon Airways 73.5%, Hokkaido PC 14%, Japan Air System 2.7%, Japan Airlines 1.3%

Air Niugini

100.0

Air One

0.0

Taquan Air 100%

Air Pacific

73.0

Qantas 17.5%, Air New Zealand 2.0%

Air Philippines

0.0

W Gatchalian 70%, Japan Air System 10%

Air Transat

0.0

Transat AT 100%

Air Transport International

0.0

BAX Global 100%

Air Zimbabwe

100.0

Air-India

100.0

Airborne Express

0.0

Airborne Freight Corp 100% (listed)

Airtours International

0.0

Blue Sea Investments 100% (parent is Airtours plc, listed)

AirTran

0.0

Listed

Alaska Airlines

0.0

Alaska Air Group 100% (listed)

Alitalia

67.0

IRI 67%. Listed. Employees to be offered 20%, after which IRI holding will fall to 53%.

All Nippon Airways

0.0

Listed

Alliance Air

100.0

Indian Airlines 100%

Aloha Airlines

0.0

Aloha Airgroup 100% (listed)

America West Airlines

0.0

America West Holdings Corp 100% (Listed)

American Airlines

0.0

AMR Corp 100% (Listed)

American International AL

0.0

Kitty Hawk 100% (T Christopher 35.5%, C Kalitta 24.5%)

American Trans Air

0.0

Listed

Ansett Australia

0.0

Air New Zealand 50%, The News Corporation 50%

Ansett New Zealand

0.0

The News Corporation 100%

AOM French Airlines

0.0

Consortium de Realisation (Credit Lyonnais subsidiary) 93%, Rothschild and Ifint 7%.

Asiana Airlines

0.0

Kumho Group 54.2%, Pacific Investment Capital 19.2%, Swiss Bank Corporation 19%, Korean Development Bank 12.6%, Korea Long Term Credit Bank 6.4%.

Atlas Air

0.0

Listed

Austral Lineas Aereas

0.0

Aerolineas Argentinas 10%

Austrian Airlines

51.9

Swissair 10%, All Nippon Airways 9%, Air France 1.5%, Listed

Aviaco

100.0

Iberia 100%

Avianca

0.0

Santo Domingo Group 90%

Aviateca

25.0

Taca 30%

Balkan Bulgarian Airlines

100.0

Due to be privatised in 1998 (80% private investors, 20% employees).

Biman Bangladesh Airlines

100.0

Braathens

0.0

Braathens holding companies Braganza 33.4% and Bramora 5.4%; KLM 30%

Britannia Airways

0.0

Thomson Travel Holdings 100% (parent Thomson Organisation now listed)

British Airways

0.0

Listed

British Midland

0.0

BBW Partnership 60%, SAS 40%

BWIA International Airways

33.5

Employees 25.5%

Caledonian Airways

0.0

Inspirations plc 100%

Cameroon Airlines

96.4

Air France 3.6%

Canada 3000 Airlines

0.0

Deluce Investments 25%, employees 20%

Canadian Airlines International

0.0

Canadian Airlines Corp 100% (Listed; AMR Corp holds 25%)

Cargolux

0.0

Luxair 34.9%, SAir Logistics 33.7%, Luxembourg financial corporations 31.1%

Cathay Pacific

0.0

Swire Group 43.9%, Citic 25%. Listed.

Cebu Pacific Air

0.0

JG Summit Holdings 49%

China Airlines

0.0

China Aviation Development Foundation 71.1%

China Eastern Airlines

61.1

CAAC 61.1%. Listed 38.9%

China Southern Airlines

68.1

CAAC 68.1%. Listed 31.9%

China United Airlines

100.0

Chinese Air Force 100%

China Yunnan Airlines

100.0

CAAC 100%

City Bird

0.0

City Hotels 45.1%, Flight Invest 20.4%, Sabena 11.5%. Listed 23%

Comair - Commercial Airways

0.0

D Novick, M D Moritz, NSA Investments, P Van Hoven, R C Sack

Condor Flugdienst

0.0

Lufthansa 55%, C & N Touristik 45%

Continental Airlines

0.0

Northwest Airlines 15.4%

Continental Micronesia

0.0

Continental Airlines 100%

Copa

0.0

Corsair

0.0

Nouvelles Frontieres 52.2%, Sucrerieres de Bourbon 24.3%, Fin Int'l de Gestion et de Conseil 21.6%

Croatia Airlines

100.0

INA 27.1%, Zagreb Airport 14.2%, Croatian Privatization

CSA Czech Airlines

83.7

Czech National Property Fund 56.4%, Czech Consolidation Bank 16.3%, European Bank for Reconstruction and Development 16.3%

Cyprus Airways

80.5

Delta Air Lines

0.0

Swissair 4.6%, Singapore Airlines 3%, Listed

Delta Express

0.0

Delta Air Lines 100%

Deutsche BA

0.0

British Airways 100%

DHL International

0.0

Lufthansa 25%, Japan Airlines 25%, Nissho Iwai 10%. Deutsche Post plans to buy 22.5%

Dragonair

0.0

CNAC 43.3%, Citic 28.5%, Cathay Pacific 17.8%, Swire Group 7.7%

EasyJet

0.0

Stelios Haji-Ioannou and family 100%

Egyptair

100.0

El Al Israel Airlines

100.0

To be privatised by 1999

Emery Worldwide

0.0

Consolidated Freightways 100%

Emirates Airline

100.0

Ethiopian Airlines

100.0

European Air Transport

0.0

DHL Worldwide Express

EVA Air

0.0

Evergreen International Corp, Evergreen Marine Corp, employees

Evergreen International Airlines

0.0

Far Eastern Air Transport

0.0

China Development Corp 14%, China Airlines 10%, Taiwan Aerospace Corporation 4.95%

Federal Express

0.0

Listed

Finnair

59.8

Listed

Flying Colours Airlines

0.0

Flying Colours Leisure Group 100%

Frontier Airlines

0.0

Wexford Management 10%. Listed

Futura International Airways

0.0

Aer Lingus 85%, Belton Air 15%

Garuda Indonesia

100.0

GB Airways

0.0

Bland Group 100%

Go

0.0

British Airways 100%

Gulf Air

100.0

Abu Dhabi, Bahrain, Oman and Qatar 25% each

Hainan Airlines

5.3

American Aviation Investment (controlled by George Soros) 25%

Hapag-Lloyd

0.0

Preussag 99.2%

Hawaiian Airlines

0.0

Listed

Iberia Airlines

92.0

Sepi 92%, employees 8%

Icelandair

0.0

Indian Airlines

100.0

Iran Air

100.0

Japan Air Charter

0.0

Japan Airlines 82%, Japanese tour companies 18%

Japan Air System

0.0

Tokyo Corp 26%, Toa Koson 10.4%, Japan Airlines 8.3%, Kinki Nippon Railway 8.7%. Listed

Japan Airlines

0.0

Listed

Japan Asia Airways

0.0

Japan Airlines 90.5%

Japan TransOcean Air

0.0

Japan Airlines 51%

JAT Yugoslav Airlines

100.0

Serbian government 51%, State oil, post, insurance companies 49%

Jet Airways (India)

0.0

N Goyal 100%

Kenya Airways

23.0

KLM 26%, employees 3%. Listed

Kiwi International Airlines

0.0

NJS Acquisitions 20%. Listed

KLM Royal Dutch Airlines

25.0

Listed 75%

Korean Air

0.0

Hanjin Group 100%

Kuwait Airways

100.0

Lacsa

0.0

Taca 10%, ASA Lacsa (employees) 3%

Ladeco

0.0

LanChile 99.4%

LanChile

0.0

Grupo Cueto 38.5%, Grupo Pifiera 33.1%, Grupo Hirmas 19%, Grupo Eblen 8.1%

Lauda Air

0.0

Austrian Airlines 35.9%, N Lauda 35%, Lufthansa 20%

Lithuanian Airlines

100.0

Lloyd Aereo Boliviano

48.3

Vasp 49%

LOT Polish Airlines

100.0

Plans to privatise

LTU International Airways

0.0

Westdeutsche Landesbank 34.3%, B Huttner 20.2%, U Paulus 20.2%, V Conle-Kalinowski 20.2%, E W Graebner 5.1%

Lufthansa Group

0.0

Listed. Employees 4-5%

Luxair

23.1

Banque et Caisse d'Epargne de L'Etat 13.4%, Banque Generale de Luxembourg 13.1%, Banque Internationale de Luxembourg 13.1%, Lufthansa 13%, Compagnie Luxembourgeoise de Telediffusion 12.1%, Luxair Finance, Luxair Group

Maersk Air

0.0

A P Moller Group 100%

Malaysia Airlines

25.0

Bank Negara Malaysia (MHS/Tajudin Ramli) 32%, Brunei Investment Agency 10%

Malév Hungarian Airlines

63.9

OTP Bank and Magyar Kuluereskedelmi Bank 35%

Mandarin Airlines

0.0

China Airlines 100%

Martinair Holland

0.0

KLM 100%

Meridiana

0.0

Fimpar 65.7%, HH The Aga Khan 21.3%, Airfin 8.9%

Merpati Nusantara Airlines

0.0

Garuda Indonesia 100%

MetroJet

0.0

US Airways 100%

Mexicana

0.0

Cintra 88.7%

Middle East Airlines Airliban

0.0

Banque du Liban 98.6%, Air France 0.9%

Midway Airlines

0.0

Listed

Midwest Express

0.0

Midwest Express Holdings 100% (Listed)

Monarch Airlines

0.0

Cosmos Guide Holding International NV 100%

National Airlines (Chile)

0.0

Avant Airlines 100%

Nigeria Airways

100.0

Nippon Cargo Airlines

0.0

Kawasaki Kisen Kaisha 13.2%, Mitsui OSK Lines 13.2%, All Nippon Airways 13%

Northwest Airlines

0.0

Employees 27%, Alfred Checchi 11%, Gary Wilson 11%. Listed

Olympic Airways

100.0

Pakistan International Airlines

56.0

Listed

Pegasus Airlines

0.0

Yapi Kredit Bank 49%, Silkar & Net Hdgs 30%, Alper Elichin 21%

Philippine Airlines

14.0

Lucio Tan 60%

Pluna

49.0

Varig 49%, S & V Mesa 2%

Polar Air Cargo

0.0

Gecas, NedMark, Southern Air Transport

Premiair

0.0

Scandinavian Leisure Group/Airtours 100%

Qantas Airways

0.0

British Airways 25%. Listed

Qatar Airways

0.0

Reno Air

0.0

J Lorenzo 22%. Listed

Royal Air Maroc

92.7

Air France 4%, Iberia 2%

Royal Aviation

0.0

Conifair Aviation 100%

Royal Brunei Airlines

100.0

Royal Jordanian Airlines

100.0

Royal Nepal Airlines

100.0

Ryan International Airlines

0.0

R D Ryan 100%

Ryanair

0.0

Ryan family 33%, D Bonderman 16%, M O'Leary 14%. Listed

Sabena

33.8

Swissair 49.5%

Saeta

0.0

Sarso 65%

SAS Group

50.0

SAS Sverige 42.9%, SAS Danmark 28.55%, SAS Norge 28.55% (all listed and 50% government owned). Translates to Swedish state 21.4%, Danish state 14.3%, Norwegian state 14.3%, Investor AB 8%

Saudi Arabian Airlines

100.0

Sempati Air

0.0

Asean Aviation 40%, TUB 25%, M Hasan 20%, Humpuss 15%

Servivensa

0.0

Avensa 100%

Shanghai Airlines

0.0

Shenzhen Airlines

0.0

Bank of China, China Travel Service, CNAC, Southern Tongfu Industrial Company

Shuttle by United

0.0

United Airlines 100%

Sichuan Airlines

100.0

SilkAir

0.0

Singapore Airlines 100%

Singapore Airlines

54.0

Temasek Holdings 54%, Delta Air Lines 2.7%, Swissair 0.62%. Listed

Sobelair

0.0

Sabena 72.3%

South African Airways

100.0

Transnet 100%

Southern Air Transport

0.0

J Bastian 100%

Southwest Airlines

0.0

Listed

Spanair

0.0

Viajes Marsans 51%, SAS 49%

Sudan Airways

100.0

Swissair

21.5

Delta Air Lines 4.5%, Singapore Airlines 2.7%. Listed

Syrian Arab Airlines

100.0

Taag Angola

100.0

Taca International Airlines

0.0

Kriete family and Federico Bloch 95%

Taesa Airlines

0.0

Capt A Abed 80%, International Air Finance 20%

TAP Air Portugal

100.0

Tarom

100.0

To be privatised

TEA Basel

0.0

Air Finance AG 60%, EasyJet 40%

Thai Airways International

93.0

Listed

TNT International Aviation Services

0.0

KPN 100%

Tower Air

0.0

M Nachtomi (Tower Travel) 75%. Listed 25%

Transaero

0.0

Aeroflot 5%, Aeronavigation, SSR Institute, Aerotrans Joint Stock Company, Ilyushin Design Bureau, Yakovlev Design Bureau

TransAsia Airways

0.0

Goldsun Group 96.5%, Japan Asia 3.5%

Transavia Airlines

0.0

KLM 80%, Nationale Investeringsbank 20%

Transbrasil

0.0

Fontana Family 72%, employees 20%

Trans World Airlines

0.0

Prince Al-Waleed bin Talal 5%. Listed

Tunisair

45.2

Air France 5.6%

Turkish Airlines

98.2

Listed 1.8%

U-Land Airlines

0.0

U Land Enterprises Group 100%

United Airlines

0.0

UAL Corp 100% (Listed, majority owned by employees)

United Parcel Service

0.0

Employees

US Airways

0.0

US Airways Group 100% (Listed)

Vanguard Airlines

0.0

Listed

Varig

1.2

Ruben Berta Foundation 51.4%, Listed 43.9%

Vasp

40.0

VOE (employees) and Canhedo Group 60%, State Government of Sao Paulo 40%

Vietnam Airlines

100.0

Virgin Atlantic Airways

0.0

Voyager Travel Holdings (R Branson) 100%

Virgin Express

0.0

Virgin Group (R Branson) 51%. Listed

Viva Air

100.0

Iberia 99.5%, INI 0.5%

Volga-Dnepr Airlines

0.0

Antonov Design Bureau, JSC Aviastar, Motor Sich

World Airways

0.0

WorldCorp 46.3%, MHS 24.9%. Listed 28.8%

Yemenia

51.0

Saudi government 49%

Notes: This list includes most airlines which operate at least five jet aircraft, but regional carriers are excluded (see survey in May 1998 issue) Government shareholdings listed include direct holdings by national, state or local governments or their agencies in the carrier's home country. Shareholdings are rounded to the nearest 0.1 per cent. Only holdings of 5 per cent or more are detailed, except for airlines having stakes in each other.

Source: Company reports, Airclaims, Air Transport Intelligence.