Hainan Airlines guarantees subsidiary's ¥80m lease financing

Hainan Airlines Holding Co. (HNA Holding) has provided an ¥80,000,000 guarantee for its controlling subsidiary, Hainan Airlines Technical Co. (HNA Technical), for a financial lease agreement with Huaxia Financial Leasing Co. This guarantee is for lease financing related to aircraft maintenance equipment and falls within the ¥15.8bn inter-guarantee quota approved by HNA Holding's board and shareholders in December 2024 for 2025. HNA Technical's debt-to-asset ratio exceeds 70%, qualifying it for an approved additional guarantee limit of ¥11.3bn.

As of the announcement date, HNA Holding's total outstanding guarantees for its controlling subsidiaries amount to ¥248,318,960,000. This figure represents 109.25% of the company's net assets attributable to owners of the parent, as audited for 2024. The company confirmed no overdue external guarantees.

HNA Holding stated that the guarantee is essential for its controlling subsidiary's operational needs, with HNA Technical demonstrating normal debt repayment capabilities. HNA Holding maintains absolute control over HNA Technical's management and financial status, mitigating overall guarantee risk.