Juneyao Airlines Co., Ltd (SHSE:603885) agreed to acquire Shanghai Huarui Hu 6 Aircraft Leasing Co., Ltd. from Shanghai Huarui Financial Leasing Co., Ltd. for CNY 84.1 million on June 12, 2024. Juneyao will fund the transaction form its own cash. As of April 30, 2024, Shanghai Huarui Hu 6 Aircraft Leasing Co., Ltd. reported total assets of CNY 217.88 million and total common equity of CNY 48.08 million.

The transaction has been approved by the board of Juneyao.