Hainan Airlines Holding has denied rumours of a potential acquisition of Qingdao Airlines (QW, Qingdao Jiaodong). Responding to investor inquiries via the Tonghuashun financial information platform on January 7, 2026, the carrier stated it has "no plans" to acquire the Qingdao-based airline. Speculation regarding a sale has persisted since mid-2025, driven by Qingdao's accumulated losses and the grounding of a third of its fleet due to Pratt & Whitney PW1100G engine issues. Its parent, Qingdao City Construction Investment Group, reportedly faces significant liquidity pressure.