China Aviation Oil

Surge in jet-fuel trading boosts earnings for China Aviation Oil

China Aviation Oil (Singapore), which almost collapsed in 2004 after incurring about US$550 million of derivatives trading losses, almost doubled its underlying profit last year as the quantity of jet fuel handled increased 53 per cent.

Wednesday, 28 February, 2007, 12:00am

Regulator backs bid to bail out cao

China's powerful state assets regulator has given assurances that China Aviation Oil Holding is working to find strategic investors and implement a debt restructuring plan to bail out its Singapore unit.

16 Dec 2004 - 12:00am

Jet fuel handler expands mainland control

State-owned China Aviation Oil Holdings will expand its control of the mainland's aircraft refuelling infrastructure by buying a stake in southern and central China's sole jet fuel supplier through its 75 per cent-held Singapore-listed arm.

6 Feb 2004 - 12:00am

CAOS RECEIVES APPROVAL FOR JOINT VENTURE

Singapore-listed China Aviation Oil (Singapore) (CAOS) - the overseas arm of China's dominant jet fuel supplier China Aviation Oil Group - has received approval from the government for its 33 per cent-held joint venture supplying imported jet fuel to Shanghai Pudong International Airport.

31 Dec 2002 - 12:00am

Fuel pact gives lift to Fortune

Fortune Oil, a London-listed oil trading and petrol station group with the bulk of its earnings in China, saw its shares gain strongly yesterday after it confirmed its involvement in the first regional Sino-foreign aviation fuel supply deal.

31 Jan 1997 - 12:00am

NOL deal to supply mainland jet fuel

NEPTUNE Orient Lines (NOL) has set up a joint venture with two Chinese partners to purchase and transport jet fuel oil for distribution to airports in China.

NOL signed the joint venture agreement with China National Foreign Trade Transportation Corporation (Sinotrans) and China Aviation Oil Supply Corporation (CAOSC) this week.

11 Jun 1993 - 12:00am