Qingdao Airlines is set for a rebranding to Xinlong Air following plans to massively restructure its shareholding at the end of August. State-backed Qingdao Transport Development Group Co. announced plans to dispose of its 25 per cent stake for CNY251 million (US$40.4 million). Meanwhile, the airlines’s other shareholder Shandong Airlines has also announced plans to sell off its 20 per cent stake to New Nanshan International Holdings Ltd., a subsidiary of Xinlong's largest shareholder, … [Read more...] about Qingdao Airlines to rebrand as Xinlong Air