Hainan Airlines to buy Rolls-Royce engines, revise charter

Hainan Airlines Holding Co., Ltd. (HNA Holdings) plans to purchase seven new Trent series spare aircraft engines from Rolls-Royce PLC for a total of no more than $275 million, with delivery scheduled between 2025 and 2030. This acquisition aims to ensure safe flight operations, reduce operating costs, and support the growth of air transport capacity. The transaction will be financed through the company's own funds and potentially via third-party financing leases.

In a separate but equally significant move, HNA Holdings is proposing extensive revisions to its company charter and governance framework, effective from December 2025. These changes, in accordance with the "Company Law" (effective July 1, 2024) and regulatory guidelines, include replacing "General Meeting of Shareholders" with "Shareholders' Meeting," adjusting provisions for share capital, and modifying rules concerning shareholder rights and obligations.

Furthermore, the company intends to abolish its supervisory board, transferring its functions to the Audit and Risk Committee of the board of directors. This restructuring also involves a capital injection of CNY 75,000.00 million into HNA Cargo Co., Ltd., which will increase HNA Holdings' stake to 16.2227%, utilizing the company’s own funds.