Qingdao Airlines has completed preparation work and has applied to the Civil Aviation Administration of China (CAAC) for an operator’s license. The airline is expected to heighten market competition and aggravate the overcapacity problem in the domestic airline industry. Qingdao Airlines has a registered capital of CNY1 billion ($161 million). Nanshan Group holds a 55% stake with an investment of CNY550 million, Qingdao Transport Development Group has a 25% ownership with a CNY250 ...

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