Hainan Airlines guarantees subsidiary's trade obligations for aviation equipment

Hainan Airlines Holding Co., Ltd. (HNA Holdings) will provide a joint and several liability guarantee for its wholly-owned subsidiary, Hainan Airlines Import and Export Trading Co., Ltd. (Hainan Air Trade), with a maximum guarantee amount of $300m. This guarantee supports Hainan Air Trade's procurement of aviation equipment from Honeywell International Inc. and its subsidiaries.

This guarantee falls within the previously approved inter-guarantee quota for 2025, authorized by the company's Tenth Board of Directors Meeting on December 18, 2024, and the Fifth Extraordinary General Meeting on December 30, 2024. The total outstanding external guarantees provided by HNA Holdings for its controlled subsidiaries amount to RMB 24,662.328m, representing 108.51% of the company’s net assets as of the end of 2024.

Hainan Air Trade, established on June 27, 2024, is a limited liability company with a registered capital of RMB 100m and is 100% owned by HNA Holdings. The company reported total assets of RMB 2,831.511m, total liabilities of RMB 1,943.501m, and a net loss of RMB 10.04m for the first half of 2025.