Core Insights - Hainan Free Trade Port has become a preferred location for foreign airlines to conduct aircraft maintenance due to its policy advantages and high-quality services [1][2] Group 1: Aircraft Maintenance Achievements - Since its launch in 2022, the one-stop aircraft maintenance industrial base in Hainan Free Trade Port has completed over 2,400 aircraft maintenance tasks, 278 complete aircraft spray paint jobs, and 60,000 aviation component repairs [1] - The first inbound aircraft maintenance job was successfully completed for Philippine Airlines' Airbus A320, marking a significant milestone for Hainan's aircraft maintenance industry [1] Group 2: Policy Advantages - The policy benefits of Hainan Free Trade Port, such as zero tariffs on imported equipment for self-use and simplified customs processes, significantly reduce operational costs for airlines [2][3] - The introduction of a "one-stop" aircraft maintenance industrial center aims to meet the growing demand for comprehensive aircraft inspection, painting, and component repair services [2] Group 3: Growth in Maintenance Business - In 2024, the Haikou Meilan Airport Customs supervised 49 aircraft and 16 engines entering the Haikou Airport Comprehensive Bonded Zone for bonded maintenance, with a total value of 31.13 billion yuan, representing a 3.3-fold increase year-on-year [3] - From January to August 2025, the customs supervised 58 aircraft, 9 engines, and 6 batches of materials for bonded maintenance, with a total value of 37.02 billion yuan, reflecting a 67.4% year-on-year growth [3]

Core Viewpoint - The Hainan Free Trade Port's one-stop aircraft maintenance industrial base has successfully completed over 2,400 aircraft maintenance tasks by the end of September, attracting global airlines due to its efficient services and favorable policies [1][5][11]. Group 1: Operational Achievements - Since its establishment in 2022, the Hainan Free Trade Port has become a "diagnostic center" for global airlines, completing over 2,400 aircraft maintenance tasks, including 278 complete aircraft paint jobs and 60,000 aviation parts repairs [5][6][11]. - The base has serviced nearly 50 domestic and international airlines and aircraft leasing companies, including over 100 inbound aircraft maintenance and painting tasks [6][8]. Group 2: Competitive Advantages - The base offers unique advantages such as no deposit requirement for inbound maintenance, which alleviates financial pressure on airlines, and the ability to quickly source parts from a bonded warehouse [8][9]. - Overall maintenance costs are approximately 15% lower compared to other locations due to these policy benefits [8][9]. Group 3: Future Opportunities - With the official launch of the full closure operation of Hainan Island in December 2023, the demand for aircraft maintenance services is expected to increase significantly, providing more market opportunities for the Hainan Free Trade Port [11][12]. - The Civil Aviation Administration of China plans to enhance the international aviation hub functions, which will attract more airlines and related businesses, potentially expanding the maintenance services to include high-end areas such as avionics repair and aviation materials research [11][12].