Chinese companies have upped their stake in Virgin Australia Holdings as a second mainland conglomerate bought a stake in the carrier. The Nanshan Group will buy about 20 per cent of Australia’s second-largest airline from Air New Zealand, the Auckland-based carrier said in a statement recently. Nanshan’s assets stretch from aluminium to property and include the two-year-old Qingdao Airlines. HNA Group, the owner of Hainan Airlines, last month said it plans to buy 13 per cent of Virgin … [Read more...] about Virgin Australia shareholders become strange bedfellows
Qingdao Airlines
Qingdao Airlines to rebrand as Xinlong Air
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
AJW signs PBH contract with Qingdao Airlines
In partnership with China Aviation Supplies Corporation (CASC) in Beijing, AJW Aviation has signed a six-year contract to provide power-by-the-hour (PBH) support to Qingdao Airlines’ fleet of A320 aircraft. Established by the Nashan Group, the Qingdao Municipal Government and Shandong Airlines, Qingdao Airlines launched operations earlier this year providing domestic services to destinations across China. The airline has announced future orders for a total of 23 A320 family aircraft, … [Read more...] about AJW signs PBH contract with Qingdao Airlines
