China Aviation Oil Says Still in Business
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The main supplier of jet fuel to China is continuing to do business despite a criminal investigation of its US$550 million (euro414 million) in losses on derivative trading, the company said.
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State-owned, running a monopoly on imports of jet fuel to China&#39;s fast-growing aviation industry and a prized member of Singapore&#39;s Stock Exchange.
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China's top oil firm, PetroChina, is expected to raise more than $9bn (Â£4.88bn) for its listing on the Shanghai Stock Exchange.
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LEAL, Sudan -- On this parched and dusty African plain, China's largest energy company is pumping crude oil, sending it 1,000 miles upcountry through a Chinese-made pipeline to the Red Sea, where tankers wait to ferry it to China's industrial cities. Chinese laborers based in a camp of prefabricated sheds work the wells and lay highways across the flats to ...
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Financial experts combed records Thursday at China Aviation Oil, the Singapore-listed jet fuel supplier that this week sought court protection from creditors after admitting crushing losses from speculative trading.
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Oil prices held firm on Tuesday as China  showed no let-up in its strong import growth and U.S. Gulf  producers reported damage to offshore rigs from Hurricane Ivan.
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BEIJING : The parent firm of troubled Singapore-listed China Aviation Oil (CAO) does not expect itself or any of its other subsidiaries to be implicated in the scandal surrounding CAO&#39;s trading losses, state media said on Friday.
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MONTREAL  - Canadian plane producer Bombardier said China had demonstrated confidence in its CRJ200 regional jets after lifting a ban imposed after one of the aircraft crashed killing 54 people last month.
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Collapsed jet fuel supplier China Aviation Oil launches a rescue plan after running up $550m in trading losses.
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Crude hovers around $46 a barrel amid demand from most populous country, damage reports from Ivan. LONDON  - Oil prices held above $46 a barrel Tuesday as China showed no letup in its strong demand
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German-based global aviation giant Deutsche Lufthansa AG (Lufthansa) is brewing a bold long-term business strategy to further tap into the fledgling but promising Chinese market, thanks to the new and more ...
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BEIJING, Dec. 28 (AFX) - The aviation authority of China said on Tuesday that it had decided not to approve new aircraft purchases next year to cool what it considered to be an overheated aviation sector.
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General view of Gazprom headquaters is seen, in Moscow, on Friday, Dec. 17, 2004. The oil wing of Russia&#39;s state-controlled natural gas giant Gazprom does not intend to pull out of this weekend&#39;s auction of
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China's leaders vowed Sunday to sustain steady economic development and control investment in fixed assets in 2005, state media said.
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China, the world&#39;s hottest aviation market for Boeing and Airbus, has apparently decided to freeze new airplane purchases in 2005.
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By Francesco Guerrera in Hong Kong and John Burton in Singapore. China Aviation Oil last month told investors that this year&#39;s earnings would exceed its 2003 result, although it had already been hit by $232
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Lawyers for beleaguered China Aviation Oil (Singapore) Corp. on Friday met with investors to answer questions about how the company racked up more than half a billion U.S. dollars in losses on oil speculation and its restructuring plan.