Hainan Airlines Holding has provided a joint-and-several guarantee of up to CNY51 million yuan (USD7.5 million) for a Guilin Bank credit facility to 70%-owned GX Airlines (GX, Nanning). The carrier will use the funding for operational development and working capital. The financing is available from July 10, 2026, to July 10, 2029, with GX Airlines providing a counter-guarantee. Hainan Airlines Holding already had CNY118.6 million (USD17.5 million) in guarantees for GX Airlines. At the end of March 2026, the airline had negative equity of CNY642.9 million (USD94.9 million), despite reporting a first-quarter profit of CNY90.4 million (USD13.4 million).