Info:
A joint venture cargo airline majority-owned (51%) by Beijing Aerospace Satellite Applications Corporation, a wholly-owned subsidiary of China Aerospace Science and Technology Corporation (CASC);
Remaining shares held by Singapore Airlines Cargo and Dahlia Investments, which hold 25 percent and 24 percent, respectively; operates two Boeing 747-400 aircraft;
Former majority shareholder China Great Wall Industry Corporation (CGWIC) was designated by the U.S. Treasury Department on June 13, 2006, for allegedly supplying “Iran’s military and Iranian proliferators with missile-related and dual-use components.”;
Industry:
Aviation Industry
Known As:
Changcheng Hangkong
Great Wall Airlines Company Limited
GWL
Involved In:
Military Weapon Program
Established:
2006
Country:
China
Address:
1600 Century Road, Shanghai 200122, China
Phone:
86-21-6876 2316
E-Mail:
pr@gwairlines.com
Web Site:
www.gwairlines.com
Reason for the color:
» Added to the Specially Designated National (SDN) list maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on August 15, 2006, blocking its property under U.S. jurisdiction and prohibiting transactions with U.S. parties, pursuant to Executive Order 13382, which targets proliferators of weapons of mass destruction (WMD) and their delivery systems;
» Removed from the SDN list on December 12, 2006 after appealing to OFAC for removal;