 It is the only surviving member of the Pacific Corporation, but currently it is owned by Taiwan Aerospace Corporation and is no longer related to the Central Intelligence Agency.Air Asia was created out of Civil Air Transport (CAT) in 1955 as Air America's aircraft service unit.In 1949, CAT, in order to prepare for the ROC government's evacuation from the mainland, bought two ships to house all aircraft maintenance equipment and parts to evacuate to Taiwan.