Qingdao Airlines is expected to sell its 25% stake owned by Qingdao Transport Development Group for CNY251 million ($40.4 million) in an effort to become fully privatized. The Qingdao-based carrier has a registered capital of CNY1 billion. In addition to the 25% stake owned by Qingdao Transport Development Group, Nanshan Group holds a 55% stake and Shandong Airlines holds 20%. In July, Shandong Airlines transferred its 20% stake to a subsidiary of Nanshan Group. Qingdao Airlines said ...

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