Qingdao Tourism Group Acquires 50% Stake in Qingdao Airlines

After a prolonged two-year process, Qingdao Tourism Group has officially acquired a 50% share in Qingdao Airlines, previously held by Qingdao Urban Construction Investment Group. This significant shift reflects ongoing strategic efforts to strengthen the airline’s growth and regional influence in China’s competitive aviation market. The transfer aligns with Qingdao Tourism Group’s goal to expand its role within the travel and tourism sectors, particularly by leveraging synergies between air travel and regional tourism initiatives.