Air China Takes Control Of Shandong Airlines
Credit: Rob Finlayson
SINGAPORE—Air China has completed the takeover of Shandong Airlines’ parent company Shandong Aviation Group Corporation. Following the close on Dec. 30, the Chinese flag carrier’s stake in Shandong increased from 49.4067% to 66%. The final steps involved acquiring 1.4067% from Shansteel Financial...
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