Strategic Cooperation Agreement Signing Ceremony between Industrial and Commercial Bank of China (Macau) Limited and Air Macau Company Limited was held at Function Room, Mandarin Oriental Macau on June 8, 2012. Mr. Simon Chan Weng Hong, President of Civil Aviation Authority of Macau SAR, Mr. Gao Shang De, Deputy Director of Economic Affairs Department of the Liaison Office of the Central People's Government in the Macau SAR, Mr. Song Yanbin, Acting Commissioner of Ministry of Foreign Affairs of the People’s Republic of China in Macau Special Administrative Region, Mr. Xu Kai Cheng, President of The Macau Chinese Enterprises Association and Mr. Li Jinlin, General Manager of CNAC (Macau) and other guests attended the event to be witness for signing the agreement. Senior management of Industrial and Commercial Bank of China (Macau) Limited and Air Macau Company Limited also attended the signing ceremony.
Both parties will have further financing cooperation such as aviation finance, points exchange, co-branded cards cooperation, financing businesses for VIP customers, and employees’ financial business aspects.
Industrial and Commercial Bank of China (Macau) Limited is a group member of Industrial and Commercial Bank of China Limited with strong edges in retail banking, e-banking, trade finance and technology platform. ICBC（Macau）offers positive supports to meet the needs of economic development of the Macau SAR. With the theory of business of “Basing on Macau, Serving Macau”, ICBC (Macau) takes full advantage of its merits to offer a wide range of financial services to support Macau in developing itself into a global center for tourism and leisure and facilitating a moderate diversification of the economy. ICBC (Macau) participates actively in many syndication loans of the local market and has provided financial supports for the pillar industry; with continuous to introduce new banking products such as RMB and precious metal to meet the market demand and to provide financial services for the public housing projects and the Small & Medium Enterprises, ICBC (Macau) has been constantly developed. As the signing of this strategic cooperation agreement, apart from the E-Business and Account Settlement services, ICBC (Macau) will provide Air Macau with a full range of financial services and supports such as Aircraft Lease, Trade Finance, Global Cash Management, Investment & Finance etc; and also offer financial supports for the development of the Macau aviation industry.
Air Macau Company Limited is a Macau-based airline, so far, the company operates 14 aircrafts, transports 18 cities among mainland China, Taiwan and Asia-Pacific, operates weekly round trip flights to 280, passengers exceeded 1.8 million annually. Air Macau allies with Air China, ANA All Nippon Airways, Korean Air, Philippine Airlines performing a code-share operation, meanwhile, achieves cross-industry cooperation with Ctrip, China Trust Bank and Bank of China, exceeds 200,000 frequent flyers. Air Macau has successfully performed strategic transformation and completed the equity of restructuring shareholding under Macau SAR of the People’s Republic of China, as well as obtained highly support and help from shareholders to achieve profit record for these two years in a row.
As a holding subsidiary of Air China, Air Macau Company Limited is the only member of Air China, as an oversea airline. The controlling shareholder of Air China is China's only national flag carrier, also is the largest airline alliance in the world – A Star Alliance Member, partners of 2008 Beijing Olympic Games carrier, so far, the fleet size of Air China is over 300 aircrafts among 31 countries and regions around the world, including 47 international cities and 88 domestic cities and three districts, establishing the cooperative relationship with 22 leading airlines around the world, the service has been extended to 987 destinations in 160 countries, and the frequent flyers exceeded 12 million. From 2007 to 2009, Air China is the only carrier in China’s civil aviation, to be selected “The World's Top 500 Brands” for consecutive three years. Moreover, to use as 406.2 billion brand-value topped as "China's 500 Most Valuable Brands List" in the World Brand Lab in 2010, with a brand value of the continental airlines. Air China has become the best asset structure of China and the most-market-valued carrier.
The signing of strategic cooperation agreement marks ICBC (Macau) and Air Macau have entered a new phase, both sides penetrated into a comprehensive, in-depth bank-enterprise strategic partnership, sincere cooperation, resource sharing, complementary advantages, strength the combined win-win situation is taken sharply, helps to promote healthy development of Macau's financial industry and the aviation industry, to boost Macau's economic prosperity and growth.