HNA Holdings to guarantee CNY 50m loan for subsidiary

Hainan Airlines Holdings (SSE:600221) announced that it will provide a guarantee for a CNY 50 million loan obtained by its holding subsidiary, Hainan Aviation Technology, from Hainan Rural Commercial Bank's Haikou branch. The guarantee is a joint liability guarantee and is within the approved 2025 inter-guarantee quota. As of the announcement date, HNA Holdings' total guarantee amount for its subsidiaries stands at CNY 24.01 billion, accounting for 105.63% of its net assets. Hainan Aviation Technology, with assets of CNY 78.72 billion and net assets of CNY 0.39 billion as of the end of 2024, will provide a counter-guarantee for the loan. The guarantee aims to facilitate the subsidiary's business operations without posing significant risks to HNA Holdings.