Report by : Gan Yung Chyan, KUCINTA SETIA
On 16 September 2020, Qingdao Urban Investment Group and Nanshan Holdings held a strategic restructuring and handover ceremony for Qingdao Airlines Co., Ltd. Witnessed by the Qingdao State-owned Assets Supervision and Administration Commission, the Qingdao Administration of Civil Aviation and other relevant parties, as well as Qingdao aviation cadre and employee representatives, Qingdao Airlines has officially transformed from a wholly-owned private aviation enterprise to a wholly-owned state-owned enterprise, starting a new journey of development.
When Qingdao Airlines was established in 2014, Nanshan Group accounted for 55% of the registered capital, Qingdao Transportation Development Group accounted for 25% of the registered capital, and Shandong Airlines accounted for 20% of the registered capital. Only one year after its establishment, the equity of Qingdao Airlines changed.
After the change, Qingdao Transportation Development Group Co., Ltd.'s equity was changed from the original 25% to 0%, and Qingdao Urban Investment's equity was changed from the original 0% to 25%, becoming one of the shareholders. However, in July 2015, Qingdao Urban Investment, which became a shareholder of Qingdao Airlines, transferred its equity to Nanshan Group only one year later.
In December 2019, Qingdao Urban Investment Group and Nanshan Holdings and its affiliates signed the "Aviation Sector Acquisition Framework Agreement" to acquire related assets in the aviation sector, including Qingdao Airlines. After undergoing asset evaluation, internal approval, and approval by the Civil Aviation Administration and other competent authorities, the strategic reorganization was finally completed.
Qingdao Airlines Timeline
6 June 2013 : Qingdao Airlines, approved by CAAC, is jointly invested and established by Nanshan Group Co., Ltd., Qingdao Transportation Development Group Co., Ltd., and Shandong Airlines Co., Ltd.
26 April 2014 : As the first brand new Airbus A320 aircraft painted with winter flower logo rushed to the sky, Qingdao Airlines launches its first flight.
7 July 2020 : In the critical period of coordinating epidemic prevention and control and economic and social development, standing on the cusp of "new infrastructure", Qingdao Airlines, which cooperated with China Satcom, Feitian United, and Tiandi Interconnection to build China's first real meaningful high-speed Internet aircraft, has successfully completed its maiden flight. It is the first domestically-made high-speed Internet aircraft that adopted a full set of "Made in China" and "Chinese Standards" successfully maiden flight.
15 September 2020 : Qingdao Airlines launches direct flight to Anshun, in Guizhou, from Qingdao.
Qingdao Airlines has conducted charter flights from QiIngdao to Tanjung Pinang and Incheon.
Route Network
At present, Qingdao Airlines has an all-air passenger fleet of 26 jets, with Qingdao Liuting International Airport as its main base airport, flying more than 70 routes to Chengdu, Harbin, Changsha, Changchun, Fuzhou, etc., and serving 60 cities.
Qingdao Airlines has to date opened more than 20 international routes to South Korea, Vietnam, Myanmar, Thailand, Cambodia, Japan and other countries, connecting Seoul, Ibaraki, Nha Trang, Mandalay, Pattaya, Phuket, Yangon, Siem Reap and more than 10 other cities with the Qingdao base as the core, overnight bases in Lanzhou, Changsha, Changchun, Chengdu, Kunming, Harbin, etc., have been initially established. These flights are supported by high-traffic tourist sources in eastern and southwestern China focusing on covering the northeast and northwest, radiating across the country
Route Map of Qingdao Airlines in April 2020
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