Shandong Airlines, also known as Shandong Airlines Co., Ltd., was established in 1999 12 13, and its predecessor was Shandong Airlines Co., Ltd., which was established in 1994 and headquartered in Jinan. On March 2, 2023, KLOC-0, both Air China and Shandong Airlines announced that Air China had obtained the control right of Shandong Airlines Group, directly holding 22.8% of the shares of Shandong Airlines, and indirectly holding 42% of the shares of Shandong Airlines through Shandong Airlines Group.

Shandong Airlines Group, Shandong Airlines Co., Ltd. and their subsidiaries within the scope of consolidated statements become companies within the scope of consolidated statements of Air China. In other words, Air China has successfully completed the acquisition of Shandong Airlines. Some people think that since the outbreak of the epidemic, Air China's acquisition of Shandong Airlines is the only overall acquisition of China's civil aviation industry. However, there are still some retail investors of Shandong Airlines who think that the purchase price of Air China is too low.

The reason why Shandong Airlines was acquired by Air China;

Air China's acquisition of Shandong Airlines ultimately stems from the huge losses caused by the epidemic to China's civil aviation industry. After repeated losses, Shandong Airlines finally became insolvent. Shandong Airlines is listed on the B-share market, with poor liquidity and lack of financing function, and its debt ratio reaches 102+0%. Coupled with insolvency, Shandong Airlines has fallen into an unprecedented crisis.

In this case, in order to solve the problem of high asset-liability ratio, Shandong Airlines, like other airlines, will tide over the current predicament through further blood transfusion and capital increase by major shareholders. As Shandong Airlines Co., Ltd. is expected to suffer heavy losses in net assets in 2022 and be insolvent for two consecutive years, Shandong Airlines will trigger the relevant provisions of compulsory delisting. Therefore, after Shandong Airlines announced its 2022 financial report, the fate of delisting may be inevitable.

Reference to the above content: Baidu Encyclopedia-Shandong Airlines Co., Ltd.