News
Air China flags plans for majority control of Shandong Airlines parent
June 1st 2022
Air China said it is “planning to acquire the control” of Shandong Aviation Group, the parent company of Shandong Airlines. Read More » “The transaction is currently at negotiation stage. No due diligence, audit, valuation and other related works have been completed,” Air China said in a regulatory filing to the Stock Exchange of Hong Kong. “The company and the counter parties have not signed any transaction agreement in relation to the transaction and the specific proposal of the transaction is still under planning.” Air China holds 49.4% of Shandong Aviation Group and is listed as an associated business in its financial accounts. Shandong Airlines is 22.8% owned by Air China and 42% by Shandong Aviation Group.
