Shandong Airlines, majority owned by Air China, is based in the Shandong province. The carrier operates a network of services within China, Taiwan, Hong Kong, South Korea and Japan. Shandong Airlines claims hubs in Jinan, Qingdao, Yantai, Chongqing, Xiamen and Beijing.
On 30-May-2022, Air China announced plans to acquire the control of Shandong Aviation Group, and thereby acquiring the control of Shandong Airlines. Air China stated acquisition plans are still at the negotiation stage and no due diligence, audit and valuation have been completed. Air China holds a 49.4% stake in Shandong Aviation Group, and is an associate of Air China. Air China also holds a 22.8% stake in Shandong Airlines while Shandong Aviation Group holds a 42% stake. Shandong Airlines' shares on the Shenzhen Stock Exchange will be suspended for not more than five days from 31-May-2022.
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