HNA's subsidiaries Hainan Airlines and HNA Technic reached a 30-year GE Branded Service Agreement ("GBSA") for GEnx and CF34 engines with GE Aviation. The GBSA enables Hainan Airlines and HNA Technic to serve as an authorized service provider for GEnx-1B and CF34-10 engines and perform OEM maintenance, overhaul workscoping and component repairs as well as provide comprehensive materials support.

"HNA and GE have enjoyed a long term partnership. The cooperation in engine maintenance for the GEnx and CF34 will enhance the competitiveness of HNA in the engine maintenance market. In the meantime, it is also a symbol that HNA is marching into the MRO industry with the next generation of aero engines. We do believe that the joined hands between HNA and GE will be a win-win cooperation." said Xie Haoming, Chairman and CEO of HNA Aviation Investment Holding Group.

"Hainan Airlines has a strong reputation for maintenance in the aviation industry in China, and I'm very pleased they will be an authorized GEnx-1B and CF34-10 MRO provider," said Jean Lydon-Rodgers, president and chief executive officer of GE Aviation's Services organization. "We look forward to collaborating with Hainan Airlines and support them as they grow their MRO services."

Founded in 1993 in Hainan Province, Hainan Airlines is one of the fastest developing airlines in China. It is committed to providing passengers with holistic, seamless and high-quality service. With a fleet of 238 aircraft, mainly composed of Boeing 737s, 787s and Airbus 330s´╝îHainan Airlines operates an extensive network routes covering China, Asia, Europe, North America and Oceania, with more than 1,000 domestic and international routes flying to almost 100 cities worldwide.

HNA Technic, the MRO arm of HNA, provides highly efficient and one-stop comprehensive aviation repair service to over 100 operators worldwide for aircraft maintenance & repair, fleet technical management, retrofit design, aviation maintenance training, aircraft painting and aviation supply sales, etc.