An application for the establishment of an airline based in the Shandong province was filed with the Civil Aviation Administration of China (CAAC) by the Yantai-based Nanshan Group in May 2013.[2] Approval was received by the CAAC between that month and June 2013,[3] when Qingdao Airlines was formed.[4]
Corporate affairs
Ownership
Initially, the airline was owned by the Nanshan Group(55%), the Qingdao Transport Development Group(QTDG)(25%) and Shandong Airlines(20%). The initial capital of Qingdao Airlines was CNY1billion(USD161million).[4] In July 2015, Shandong Airlines transferred its shares to a subsidiary of the Nanshan Group; as of August2015[update], the airline plans to sell the 25% of the shares held by QTDG in order to become fully private.[5] Since November 2015, Qingdao Airlines was fully owned by Nanshan Group.[6]
Key people
As of April2014[update], Song Zuowen was the president of the airline.[7]
Operations started on 26April2014(2014-04-26) linking Qingdao with Chengdu.[4]As of May2014[update], the airline's top five routes ranked by seat capacity were Qingdao–Shanghai, Qingdao–Beijing, Qingdao–Hangzhou, Qingdao–Shenyang and Qingdao–Dalian.[9]As of October2016[update], Qingdao Airlines served the following destinations:[10]
Qingdao Airlines operates to the following destinations (as of July 2019):[citation needed]
The airline originally aimed to become a ″boutique airline″ and had plans to start services to Shenzhen and Shenyang in the near future; Guangzhou and Shanghai were expected to be served in the longer term.[4]
In September 2013, an order for five Airbus A320s and 18 A320neos was placed in a deal valued at USD2.5billion.[16] The carrier phased in its first aircraft, a 152-seater Airbus A320, in early April 2014.[17][18] The carrier took ownership of its first two A320neos in October 2018.[19] Qingdao Airlines planned to expand its fleet to 60 aircraft by 2020.[5]
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