If you transfer as a student and train at public expense, then after graduation, you will get a diploma from someone else's flight academy.
Generally speaking, large state-owned enterprises (such as China Eastern Airlines) will be responsible for the public fee students transferred to the flight academy if they are eliminated. I'll transfer you to the ground handling major of the flight academy to continue your study, and then I'll be admitted to work in an airline after graduation. But I really don't know about Shandong Airlines. You'd better consult the flight recruiter.