Hainan Airlines acquires flight training subsidiary for 799m yuan

Hainan Airlines Holding Co., Ltd. has successfully completed the acquisition of 100% equity in Hainan Tianyu Flight Training Co., Ltd. from Hainan Airport Development Industrial Group Co., Ltd. The transaction was valued at 799,070,000 yuan. Following the acquisition, Tianyu Flight Training has become a wholly-owned subsidiary of Hainan Airlines Holding.

The acquisition was approved by the company's board of directors, supervisory board, and shareholders at meetings held between June and September 2025. Hainan Airport also obtained the necessary approvals, including from Hainan Province SASAC, and executed the equity transfer agreement. All relevant industrial and commercial change registration procedures for Tianyu Flight Training have been finalized, and the payment of 799,070,000 yuan has been made by Hainan Airlines Holding.

Independent financial advisor China Galaxy Securities Company Limited and legal counsel DeHeng Law Offices confirmed the completion of the acquisition, stating that all necessary approvals were obtained, and the asset transfer and payment were legally and effectively executed. The transaction does not involve any transfer of Tianyu Flight Training's creditors' rights or debts, and there were no significant discrepancies from previously disclosed information.