Air China is to play host to and chair the 68th Annual Conference of International Air Transportation Association (IATA) and the World Civil Aviation Summit to be held in Beijing, China in 2012, which will bring together executives and decision makers of the world’s airlines, airports, aircraft manufacturers and service suppliers.
Air China is the world’s most profitable carrier with the largest market capitalization. With a brand valued at RMB 40.63 billion, it is China’s only carrier featured on World Brands 500 list.
According to Zhao Xiaohang, Air China Vice President, Air China owes its success to the rebound of the global airline industry, China’s economic boom and the support from customers.
IATA has 230 member carriers and holds its annual conference in different cities each year to release important industry economic data, produce industry projections and deliberate on important industry decisions. Its decision to invite Air China to host next year’s annual conference reflects the ever increasing importance of the Chinese airline industry in the world.