Hainan Airlines buys engines, posts Q3 profit, guarantees subsidiary debt

Hainan Airlines Holding will acquire seven new Trent series spare aircraft engines from ROLLS-ROYCE PLC for a total of no more than $275 million, enhancing future operational efficiency and safety. The acquisition, scheduled for delivery between 2025 and 2030, aligns with fleet expansion plans and will be financed through various leasing arrangements.

The company concurrently released its third-quarter report for 2025, showing a profit of CNY 2,979,412 thousand for the first nine months. The board also approved a guarantee for its subsidiary, Urumqi Air Co., Ltd., amounting to CNY 35,357.85 million for a B737-800 aircraft lease. The cumulative external guarantees, including this new transaction, now total CNY 259,847.36 million, representing 114.32% of the company's net assets as of the latest audited period.

The guarantee for Urumqi Air, which has a debt-to-asset ratio exceeding 70%, is aimed at meeting the subsidiary's operational needs and is secured by a counter-guarantee, mitigating risk. Both the engine purchase and the guarantee fall within the pre-approved 2025 inter-guarantee quota of CNY 158.00 billion.