Hainan Airlines to waive pre-emptive rights in Juneyao Air equity transfer

Hainan Airlines Holding Co., Ltd. will waive its pre-emptive rights concerning the sale and capital injection of 77.8948% of Juneyao Air’s equity by HNA Aviation Group. HNA Aviation Group intends to transfer 28.4784% of Juneyao Air’s equity to HNA Cargo Co., Ltd. for 135,244.8813 million yuan, and subsequently inject its remaining 49.4164% equity into HNA Cargo for 234,679.8565 million yuan. Post-transaction, Hainan Airlines Holding and its subsidiary, Yunnan Xiangpeng Airlines, will maintain their current stakes in Juneyao Air.

Additionally, Hainan Airlines Holding plans to adjust its estimated 2025 daily operational related-party transaction amounts. The company reported actual related-party purchases of 18.2933 bn yuan and sales of 38.5787 bn yuan for January-August 2025. The revised full-year estimates for 2025 are 55.0319 bn yuan for purchases and 65.4286 bn yuan for sales. Adjustments include an increase in cargo charter revenue and maintenance service fees for related parties.

The company will also establish new related-party transaction entities, including Ruina (Chongqing) Aviation Engine Maintenance and MRO Teknik Servis San. & Tic. A.S., both under common control. These transactions are intended to expand the company’s operational scale, achieve economies of scale, and reduce operating costs.