1. Operation
During November 2014, Air China Limited (CA+ZH+NX) continued to record a year-on-year increase in passenger traffic as measured by Revenue Passenger Kilometres (RPK) and passenger head count, but a drop on month-on-month basis.

Passenger capacity (ASK) and passenger traffic (RPK) for November rose by 12.1% and 13.1% year-on-year respectively. The ASK of domestic routes increased by 11.9% year-on-year, while the RPK rose by 13.7% year-on-year. The ASK and the RPK of international routes rose by 12.4% and 11.6 % year-on-year respectively, and of regional routes increased by 13.8% and 14.6% year-on-year respectively. The overall passenger load factor was 77.8%, a year-on-year decrease of 0.7 percentage point. The passenger load factor on domestic and regional routes increased by 1.3 and 0.5 percentage points respectively, while that of international routes decreased by 0.5 percentage point.

With respect to the cargo operation, Revenue Freight Tonne Kilometres (RFTK) for November recorded an increase on year-on-year basis but a slight decrease on month-on-month basis. Freight tonnage carried for November recorded increases on both a year-on-year and month-on-month basis. Available Freight Tonne Kilometres (AFTK) surged by 20.9% year-on-year. RFTK surged by 20.0% year-on-year, while freight tonnage rose by 10.5% year-on-year. The cargo load factor was 58.2%, a year-on-year decrease of 0.4 percentage point.

In November, excluding its subsidiary airlines, Air China (CA) purchased a total of 327,000 tonnes of jet fuel at a price of RMB6,175 per tonne, a year-on-year decrease of 14.8%. The average jet fuel purchase price at international airports was RMB5,220 per tonne, a year-on-year decrease of 16.0%. The average jet fuel purchase price for domestic flights was RMB6,431 per tonne, a year-on-year decrease of 14.5%.

During the month, the Group added seven aircrafts, including three B737- 800s, one B747- 8, two A320s and one A321. As at the end of November, the Company operated a fleet of 536 aircrafts.

2. Important Announcement
On 24 November 2014, the Board of Directors of Air China Limited received notification from Mr. Yang Yuzhong regarding his resignation from the position of independent non-executive director of the Company, citing age as the reason. Mr. Yang’s resignation will take effect upon approval of a new independent non-executive director at general meeting of the Company.

On 27 November 2014, the twelfth meeting of the 4th Board of Air China passed a resolution to appoint Mr. Wang Yingnian as the chief pilot of the Company.